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    950 Hanna Ave Indianapolis, IN 46217

    For Sale
    $1,000,000

    7.78 Acres, Two Buildings, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 7.78-acre agricultural property, located at 950 W Hanna Ave, Indianapolis, IN 46217 (APN: 49-11-26-105-007.000-500), presents a compelling investment opportunity. Currently zoned for agricultural use, the land boasts two existing structures: a greenhouse and a house. Its strategic location offers unparalleled connectivity and access to key infrastructure. Situated adjacent to a railroad line, the property benefits from convenient access to a major interstate exit and nearby amenities, including truck stops. The property's proximity to a large industrial area to the west, across the railroad tracks, further enhances its potential. The site is easily accessible from a busy road with excellent connections to arterial roads, making it ideal for various development possibilities. The asking price for this remarkable property is $1,000,000. This substantial acreage, combined with its strategic location and existing improvements, presents a rare opportunity for investors seeking significant returns in a rapidly developing area of Marion County. The property's agricultural zoning, coupled with its proximity to industrial zones and major transportation routes, makes it a highly desirable asset with tremendous potential for future growth and development.

    Property Features for 950 Hanna Ave

    General Information

    Property type
    Farms
    Lot Size
    338,897 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1765191
    Latitude
    39.7075237

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    FAQs

    What type of property is this?
    Farm - 7.78 Acres, Two Buildings, Prime Location
    Where is this farm located?
    The property is located at 950 Hanna Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $1,000,000.
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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
    950 Hanna Ave Indianapolis, IN 46217
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