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    4019 Shelby St Indianapolis, IN 46227

    Sponsored
    For Sale
    Contact for pricing

    0.59-acre C3 zoned development site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.594-acre commercial land parcel presents a compelling development opportunity in Indianapolis, Indiana. Strategically located at 4019 Shelby St, within Marion County, and boasting a desirable C3 zoning classification, this property offers significant potential for a variety of commercial ventures. The site is part of a larger five-lot assemblage, encompassing addresses 4019 Shelby St and 4019, 4033, and 4035 Weaver Ave. Its advantageous position provides approximately 200 feet of frontage along Shelby Street and Weaver Avenue, extending 135 feet in depth to an alley. The property benefits from high visibility and accessibility, situated adjacent to the University of Indianapolis. A signalized intersection at Shelby Street and Hanna Avenue further enhances its appeal. High traffic counts support the site's commercial viability, with 16,950 average daily traffic (ADT) recorded at Shelby Street and Hanna Avenue, and 14,931 ADT on Shelby Street just south of the property. This prime location, combined with its generous size and favorable zoning, makes this an exceptional investment opportunity for developers seeking a high-impact commercial project in a thriving Indianapolis neighborhood. The zip code is 46227. The property's coordinates are latitude 39.7078365 and longitude -86.1390487.

    Property Features for 4019 Shelby St

    General Information

    Property type
    Land
    Lot Size
    25,875 SF

    HighLights

    • 0.59‑acre commercial land parcel in Indianapolis, IN (46227), ideally situated for development.
    • C3 zoning allows for diverse commercial uses.
    • High‑visibility location with approximately 200 feet of frontage on Shelby St and Weaver Ave, near the University of Indianapolis.
    • Signalized intersection at Shelby St and Hanna Ave, with high traffic counts (16,950 ADT at intersection, 14,931 ADT on Shelby St).
    • Part of a five‑lot assemblage including 4019 Shelby St and addresses on Weaver Ave.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1390487
    Latitude
    39.7078365

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    FAQs

    What type of property is this?
    Land - 0.59-acre C3 zoned development site.
    Where is this land located?
    The property is located at 4019 Shelby St Indianapolis, IN.
    What are key features of this property?
    This property features: 0.59-acre commercial land parcel in Indianapolis, IN (46227), ideally situated for development.; C3 zoning allows for diverse commercial uses.; High-visibility location with approximately 200 feet of frontage on Shelby St and Weaver Ave, near the University of Indianapolis.
    (317) 713-2144
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    4019 Shelby St Indianapolis, IN 46227
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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
    4019 Shelby St Indianapolis, IN 46227
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