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    700 South St Indianapolis, IN 46140

    For Sale
    $1,881,000

    25 Acres, Prime Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 25.08-acre commercial land parcel presents a unique investment opportunity in Cumberland, Indiana. Strategically located at the highly visible, signalized intersection of US 40 and S 700 W, this property is ideally suited for mixed-use, commercial, or retail development. Designated as the "Town Center" in the Cumberland Comprehensive Plan, this site boasts adjacency to the new Parkview Village development and benefits from existing stormwater infrastructure. Its prime location within Hancock County's burgeoning west side, within the Mt. Comfort Corridor, ensures high visibility and accessibility. The property's proximity to Indianapolis offers easy access to the city's economic opportunities, cultural attractions, and transportation networks, while its convenient location near Interstates 70 and 465 provides excellent connectivity for businesses and residents. This presents a rare chance to capitalize on the growth and development trends of both Cumberland and the greater Indianapolis metro area. The property is zoned PUD (Planned Unit Development) and has an APN of 30-09-01-600-004.000-024. The asking price is $1,881,000. Don't miss this chance to secure a prominent position in a thriving community.

    Property Features for 700 South St

    General Information

    Property type
    Land
    Lot Size
    1,092,485 SF

    HighLights

    • 25.08‑acre commercial land parcel in Cumberland, Indiana, at the signalized intersection of US 40 and S 700 W.
    • High‑visibility location in Hancock County's Mt. Comfort Corridor, designated as the "Town Center" in the Cumberland Comprehensive Plan.
    • Adjacent to Parkview Village, with existing stormwater infrastructure; zoned PUD (Planned Unit Development), APN 30‑09‑01‑600‑004.000‑024.
    • $1,881,000 asking price; ideal for mixed‑use, commercial, or retail development.
    • Excellent access to Indianapolis, I‑70, and I‑465.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hancock
    State
    Indiana
    Longitude
    -85.933415593171
    Latitude
    39.777715206287

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    FAQs

    What type of property is this?
    Land - 25 Acres, Prime Development Site
    Where is this land located?
    The property is located at 700 South St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $1,881,000.
    What are key features of this property?
    This property features: 25.08-acre commercial land parcel in Cumberland, Indiana, at the signalized intersection of US 40 and S 700 W.; High-visibility location in Hancock County's Mt. Comfort Corridor, designated as the "Town Center" in the Cumberland Comprehensive Plan.; Adjacent to Parkview Village, with existing stormwater infrastructure; zoned PUD (Planned Unit Development), APN 30-09-01-600-004.000-024.
    (317) 875-8888
    Request Owner's contact information
    700 South St Indianapolis, IN 46140
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    Indianapolis, IN 46140
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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
    700 South St Indianapolis, IN 46140
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