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    3023 Morris St Indianapolis, IN 46241

    Sponsored
    For Sale
    Contact for pricing

    Prime Indianapolis industrial land, exceptional access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 80-acre industrial site presents a unique investment opportunity in Indianapolis, Indiana. Located at 3023 W Morris Street, Marion County, zip code 46241, this urban infill property offers significant development potential. The land is comprised of two distinct zoning classifications: 65 acres zoned I-3 and 15 acres zoned D-11. The asking price is $8,000,000 per acre. Strategically positioned for easy access to three interchanges and within three miles of downtown Indianapolis and I-465, this location provides unparalleled connectivity. The property boasts three points of access, enhancing logistical efficiency. Importantly, this site is situated within a Qualified Opportunity Zone, offering potential tax advantages for investors. While a 100-foot buffer zone is required for abutting residential areas, the substantial acreage allows for ample development possibilities. This is a rare opportunity to acquire a large, well-located industrial parcel in a thriving urban market. The property's size, zoning, and accessibility make it ideal for a variety of industrial uses. Contact us today to learn more about this exceptional investment opportunity.

    Property Features for 3023 Morris St

    General Information

    Property type
    Land
    Lot Size
    3,484,800 SF

    HighLights

    • 80‑acre urban infill industrial site.
    • Qualified Opportunity Zone designation.
    • 100‑foot residential buffer required.
    • Three points of access.
    • Ready access to three interchanges.
    • Three miles to downtown and I‑465.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center Kitchen & Bath Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.2104496
    Latitude
    39.7489679

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    FAQs

    What type of property is this?
    Land - Prime Indianapolis industrial land, exceptional access.
    Where is this land located?
    The property is located at 3023 Morris St Indianapolis, IN.
    What are key features of this property?
    This property features: 80-acre urban infill industrial site.; Qualified Opportunity Zone designation.; 100-foot residential buffer required.
    Request Owner's contact information
    3023 Morris St Indianapolis, IN 46241
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    Indianapolis, IN 46241
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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
    3023 Morris St Indianapolis, IN 46241
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