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    6900 Mooresville Rd Indianapolis, IN 46221

    Sponsored
    For Sale
    $8,757,760

    159 Acres, Prime Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 159-acre agricultural land parcel presents a remarkable development opportunity in southwest Marion County, Indiana. Located at 6900 South Mooresville Road, Indianapolis, IN 46221, this property boasts a convenient location near the Indianapolis International Airport and is poised to benefit from the expansion of Ameriplex Parkway. Priced at $8,757,760 ($40,000/acre), the land is zoned for agricultural use and is ideally suited for a village center concept, as envisioned in the Decatur Township Comprehensive Plan. The plan encourages master-planned, walkable suburban development with a mix of housing types and neighborhood-serving commercial uses. Specific recommendations include prioritizing horizontal mixed-use development, creating a strong pedestrian network, minimizing vehicle-pedestrian conflicts, and designing the site's edges to complement adjacent uses. Multi-family housing, if included, should be centrally located. The seller will consider dividing the property. Decatur Township schools serve the area. This is a rare chance to acquire a significant land holding in a rapidly growing area with excellent development potential.

    Property Features for 6900 Mooresville Rd

    General Information

    Property type
    Farms
    Lot Size
    6,926,040 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Hair Salon Clothing Store Building Supply Daycare Center Auto Repair Shop Kitchen & Bath Wholesale Shop Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.271186
    Latitude
    39.663941

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    FAQs

    What type of property is this?
    Farm - 159 Acres, Prime Development Opportunity
    Where is this farm located?
    The property is located at 6900 Mooresville Rd Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $8,757,760.
    Request Owner's contact information
    6900 Mooresville Rd Indianapolis, IN 46221
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    Indianapolis, IN 46221
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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
    6900 Mooresville Rd Indianapolis, IN 46221
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