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    3416 Raymond St Indianapolis, IN 46203

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    For Sale
    Contact for pricing

    0.96 Acres, C-4 Zoning, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.96-acre commercial land parcel, located at 3416 E Raymond St in Indianapolis, Indiana (Marion County, zip code 46203), presents a unique investment opportunity. The property, identified by APN 49-10-17-133-010.000-101, is zoned C-4, allowing for a diverse range of commercial uses. Its strategic location offers excellent visibility along Raymond Street, which boasts an impressive 23,638 average annual daily traffic (AADT). The land is conveniently situated adjacent to an O'Reilly Auto Parts store, providing immediate brand recognition and potential synergy. Furthermore, its proximity to IndyGo Bus route 13 enhances accessibility. This vacant lot represents a blank canvas for developers seeking a high-traffic location with flexible zoning options. The property's size and zoning make it suitable for a variety of commercial ventures, from auto-related businesses to daycares and other permitted uses. This is a rare opportunity to acquire a well-positioned commercial lot in a thriving area of Indianapolis. The property's coordinates are 39.7384345 latitude and -86.1078801 longitude.

    Property Features for 3416 Raymond St

    General Information

    Property type
    Land
    Lot Size
    41,818 SF

    HighLights

    • Vacant land adjacent to O'Reilly Auto Parts, C‑4 zoned.
    • Located on IndyGo Bus Route 13.
    • High visibility on Raymond Street, 23,638 AADT.
    • C‑4 zoning allows diverse commercial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Dental Office Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy Wholesale Shop Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1078801
    Latitude
    39.7384345

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    FAQs

    What type of property is this?
    Land - 0.96 Acres, C-4 Zoning, High Visibility
    Where is this land located?
    The property is located at 3416 Raymond St Indianapolis, IN.
    What are key features of this property?
    This property features: Vacant land adjacent to O'Reilly Auto Parts, C-4 zoned.; Located on IndyGo Bus Route 13.; High visibility on Raymond Street, 23,638 AADT.
    (248) 721-1409
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    3416 Raymond St 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
    3416 Raymond St Indianapolis, IN 46203
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