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    20 County Line Rd Indianapolis, IN 46217

    Sponsored
    For Sale
    $1,316,250

    5.84 Acres, Multifamily/Commercial Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.84-acre parcel presents a remarkable opportunity for developers seeking prime land in Indianapolis, Indiana. Strategically located at 20, 90, 104, & 108 E County Line Rd, in Marion County, zip code 46217 (39.6639152, -86.1869057), this property offers significant potential for multifamily or commercial development. Its advantageous position off of 135 and County Line Rd ensures excellent access and high visibility, maximizing its appeal to potential tenants and customers. The site benefits from its proximity to existing multifamily and commercial developments, creating a synergistic environment for future projects. Utilities are readily available at or near the site, streamlining the development process and minimizing infrastructure costs. This land is classified as both agricultural and commercial, providing flexibility for various development plans. The asking price for this exceptional property is $1,316,250. Don't miss this chance to acquire a highly desirable development site in a thriving Indianapolis location. This is a rare opportunity to capitalize on the strong demand for both residential and commercial spaces in this area. The property's size and location make it an ideal investment for those seeking significant returns.

    Property Features for 20 County Line Rd

    General Information

    Property type
    Farms
    Lot Size
    254,390 SF

    HighLights

    • ±5.84 acres of land suitable for multifamily or commercial development.
    • Located off of State Road 135 and County Line Road in Indianapolis, IN.
    • Adjacent to existing multifamily and commercial properties.
    • Offers excellent access and visibility.
    • Utilities are available at or near the site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1869057
    Latitude
    39.6639152

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    FAQs

    What type of property is this?
    Farm - 5.84 Acres, Multifamily/Commercial Potential
    Where is this farm located?
    The property is located at 20 County Line Rd Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $1,316,250.
    What are key features of this property?
    This property features: ±5.84 acres of land suitable for multifamily or commercial development.; Located off of State Road 135 and County Line Road in Indianapolis, IN.; Adjacent to existing multifamily and commercial properties.
    Request Owner's contact information
    20 County Line Rd Indianapolis, IN 46217
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    Indianapolis, IN 46217
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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
    20 County Line Rd Indianapolis, IN 46217
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