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    5641 86Th St Indianapolis, IN 46250

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    0.28 Acres, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 0.28-acre commercial land parcel is located at 5641 E. 86th St., Indianapolis, IN 46250 (APN: 49-02-21-120-020.000-800), in a high-traffic retail and restaurant corridor. The property boasts excellent visibility and accessibility, fronting 86th Street with ample parking. Its strategic location provides easy access from I-465 and proximity to affluent Indianapolis suburbs including Carmel, Fishers, and Noblesville, ensuring a consistent flow of daytime traffic and population throughout the week and weekends. The area is densely populated with retail and entertainment options, including well-established restaurants such as On The Border, Outback Steakhouse, Buca di Beppo, The Melting Pot, Buffalo Wild Wings, Ale Emporium, and Sapporo Japanese Steakhouse. The permitted zoning is GB. This site presents a significant opportunity for various commercial developments, and a ground lease is also a possibility. The property's prime location and high traffic volume make it an ideal investment for businesses seeking strong visibility and access to a substantial customer base. This exceptional location offers a rare opportunity to establish a thriving commercial venture in a thriving area.

    Property Features for 5641 86Th St

    General Information

    Property type
    Land
    Lot Size
    12,197 SF

    HighLights

    • 0.28‑acre commercial lot at 5641 E. 86th St., Indianapolis, IN 46250 (APN: 49‑02‑21‑120‑020.000‑800), situated in a high‑traffic retail and restaurant corridor with GB zoning.
    • Excellent visibility and ample parking on 86th Street.
    • Easy I‑465 access and proximity to affluent suburbs (Carmel, Fishers, Noblesville).
    • High daytime traffic and population throughout the week and weekends; Ground lease potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.07184464
    Latitude
    39.91184361

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    FAQs

    What type of property is this?
    Land - 0.28 Acres, High-Traffic Location
    Where is this land located?
    The property is located at 5641 86Th St Indianapolis, IN.
    What are key features of this property?
    This property features: 0.28-acre commercial lot at 5641 E. 86th St., Indianapolis, IN 46250 (APN: 49-02-21-120-020.000-800), situated in a high-traffic retail and restaurant corridor with GB zoning.; Excellent visibility and ample parking on 86th Street.; Easy I-465 access and proximity to affluent suburbs (Carmel, Fishers, Noblesville).
    (317) 284-5534
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    5641 86Th St Indianapolis, IN 46250
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    Indianapolis, IN 46250
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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
    5641 86Th St Indianapolis, IN 46250
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