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    6401 Hanna Ave Indianapolis, IN 46203

    Sponsored
    For Sale
    $899,999

    5.79 Acres, I-2 Zoning, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.79-acre property, located at 6401 E Hanna Ave in Indianapolis, Indiana (Marion County, zip code 46203), presents a unique investment opportunity. Zoned I-2 for light industrial use, this almost six-acre parcel boasts a prime location between two I-465 exits, placing it within a thriving business corridor. The area is experiencing significant growth, with numerous established businesses and readily accessible residential developments. The property's strategic positioning offers excellent visibility and convenient access to major transportation routes. Included on the property is a 968 square foot home. The land is approved for commercial storage, and detailed plans are available for review during due diligence. The APN is 49-10-35-129-010.000-300. This versatile property is ideal for developers seeking to capitalize on the area's burgeoning commercial and industrial sectors. The asking price is $899,999. Don't miss this chance to acquire a significant land holding in a high-growth area.

    Property Features for 6401 Hanna Ave

    General Information

    Property type
    Farms
    Lot Size
    252,212 SF

    HighLights

    • 5.79‑acre lot zoned I‑2 (light industrial) in a high‑growth Indianapolis area.
    • Prime location on E Hanna Ave, between two I‑465 exits, offering excellent visibility and access to major transportation routes.
    • Includes a 968 sq ft home.
    • Approved for commercial storage; plans available upon request.
    • Asking price: $899,999.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Clothing Store Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.05567003
    Latitude
    39.70978278

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    FAQs

    What type of property is this?
    Farm - 5.79 Acres, I-2 Zoning, High Potential
    Where is this farm located?
    The property is located at 6401 Hanna Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $899,999.
    What are key features of this property?
    This property features: 5.79-acre lot zoned I-2 (light industrial) in a high-growth Indianapolis area.; Prime location on E Hanna Ave, between two I-465 exits, offering excellent visibility and access to major transportation routes.; Includes a 968 sq ft home.
    Request Owner's contact information
    6401 Hanna Ave Indianapolis, IN 46203
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    Indianapolis, IN 46203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6401 Hanna Ave Indianapolis, IN 46203
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