Listing Agency: Lee & Associates - Indianapolis s***@lee-associates.com Show Phone

Listed By: Stan Elser · License #IN RB14011207

Source: Crexi

Added: Sep 20, 2017 Changed: Aug 21 Last Checked: Aug 20 at 6:15PM

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Investment Insights

Based on property information with market context.

This property features 80 acres of land, with 65 acres zoned I-3 and 15 acres zoned D-11. It is located within a Qualified Opportunity Zone. A 100-foot buffer zone is required for abutting residential areas. The property offers three points of access and provides easy access to three interchanges. It is situated three miles from downtown and I-465.

Key Highlights

• 1.65 Acres Zoned I‑3
• Located Within a Qualified Opportunity Zone
• Easy Access to Three Interchanges

Property Analytics

Property Profile

Current Use

Industrial land

Suggested Use

Top Pick Law Firm Hair Salon Spa & Massage Center Nail Salon Plumbing Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

183

Businesses Nearby

Explore this area Business Placement

Demographics for 46241, IN

33,568

Population

12,414

Households

2.7

Avg Household Size

33

Median Age

15%

College-Educated

73%

High-School Grad

23.9 sq mi

ZIP Area

1,405

Density / Sq Mi

$51,598

Median Household Income

$33,477

Median Earnings

$1,118

Median Rent

$111,500

Median Home Value

Market

Vacancy Rate% for Industrial in Indianapolis, IN

4.3% 2019

5.4% 2020

4.1% 2021

5.3% 2022

9.9% 2023

10.5% 2024

7.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Industrial land - 80 acres of industrial land for sale in Indianapolis.

Where is this industrial land located?

The property is located at 3023 W Morris Street Indianapolis, IN.

What are key features of this property?

This property features: 1.65 Acres Zoned I‑3; Located Within a Qualified Opportunity Zone; Easy Access to Three Interchanges