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Property profile & analytics

1440 86th St Indianapolis, IN 46240-1912

  • Outlet malls
  • 48,180 SF
  • 6.58 lot acres
OFF-MARKET
Value Estimations
$660,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US31-3131268
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Bike Parking / Bicycle Rack
  • Nails Supply / Beauty Supply Store
  • ALDI / Supermarket / Grocery Store

Property Details for 1440 86th St

Year built
1986
Construction
TYPE NOT SPECIFIED
Lot size
6.58 lot acres
Property size
48,180 SF
Zone code
ZO01
Property type
Outlet malls
APN
49-03-13-122-022.000-800
APU
490313122022000800

Description

This exceptional 1,700-square-foot retail space is situated within the thriving Nora Corners Shopping Center in Indianapolis, Indiana, a highly desirable retail market. The property boasts a single-tenant occupancy, offering complete flexibility for a new business. Located in Marion County, this space benefits from its strategic position next to the popular Monon Trail, an 18-mile pedestrian trail extending from downtown Indianapolis to Westfield. This prime location ensures high visibility and accessibility, with excellent exposure from East 86th Street and Westfield Boulevard. The property features a signalized light at the East 86th Street entrance, enhancing convenience for customers. Further enhancing its appeal, pylon signage opportunities are available at both East 86th Street and Westfield Boulevard entrances, providing excellent branding potential. The surrounding area is a well-established, densely populated neighborhood with a significant daytime population, guaranteeing a substantial customer base. The shopping center is anchored by ALDI and Total Wine, two well-known and established businesses, further solidifying its position as a successful retail destination. This presents a unique opportunity for a business seeking a high-traffic location within a vibrant and growing community. The entire 1,700 square feet is currently vacant and ready for immediate occupancy.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $660,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Indianapolis
County
Marion
State
Indiana
Longitude
-86.1354
Latitude
39.9139
CBSA code
26900
CBSA name
INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$117,237
$2,344,700
$2,274,400
$4,619,100
-
$2,344,700
$2,274,400
$4,619,100
More about this property
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