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    Indianapolis In Indianapolis, IN 46237

    For Lease
    Contact for pricing

    Four commercial lots near downtown.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional opportunity presents up to four available outlots within the 27+ acre Heeringa Farms mixed-use development, ideally situated just seven miles from downtown Indianapolis. Boasting a high-traffic location at the intersection of South Emerson Avenue and Edgwood Avenue, these lots benefit from nearly 40,000 vehicles per day (VPD), ensuring significant visibility and accessibility for any business. A proposed site plan is available, offering a solid foundation for development, but the flexibility to customize outlot and building sizes to perfectly match individual client requirements is a key advantage. This allows for tailored solutions, accommodating a range of commercial ventures and maximizing the potential of each lot. The land is designated for commercial use and is offered as single-tenant properties, providing a straightforward and efficient development pathway. This prime location, combined with the adaptability of the site plan and high traffic volume, makes this an exceptional investment opportunity for businesses seeking a prominent presence in a thriving Indianapolis area. Don't miss this chance to secure a piece of this dynamic mixed-use development.

    Property Features for 0 Indianapolis In

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Size
    0 SF

    HighLights

    • Four outlots available in the Heeringa Farms mixed‑use development.
    • Located 7 miles from downtown Indianapolis.
    • High visibility corner lot at South Emerson and Edgwood Avenues, with nearly 40,000 vehicles per day.
    • Flexible site plan; outlot and building sizes are customizable.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.082579494837
    Latitude
    39.68101195759

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    FAQs

    What type of property is this?
    Land - Four commercial lots near downtown.
    Where is this land located?
    The property is located at Indianapolis In Indianapolis, IN.
    What are key features of this property?
    This property features: Four outlots available in the Heeringa Farms mixed-use development.; Located 7 miles from downtown Indianapolis.; High visibility corner lot at South Emerson and Edgwood Avenues, with nearly 40,000 vehicles per day.
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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
    Indianapolis In Indianapolis, IN 46237
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