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    86Th St Indianapolis, IN 46278

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    For Sale
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    3 Acres, High-Income Area, Excellent Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3-acre commercial land parcel presents a unique investment opportunity in Indianapolis, Indiana. Strategically located at the intersection of 86th Street and Lafayette Road, this property boasts unparalleled access to a thriving, high-income demographic. The surrounding area includes affluent communities such as Trader's Point, Pike Township, Zionsville, Brownsburg, and Eagle Creek, with an average household income exceeding $200,000 within a 3-mile radius. This translates to a substantial consumer base for any commercial venture. The site's convenient proximity to major interstates I-65 and I-465 ensures excellent accessibility and visibility. Furthermore, existing utilities and infrastructure are already in place, simplifying development and reducing upfront costs. With over 31,000 households within a 5-mile radius, this location offers significant market reach. The property is zoned C-4, providing flexibility for a wide range of commercial uses. This prime location and favorable zoning make this 3-acre parcel an ideal investment for developers seeking a high-return opportunity in a rapidly growing area of Indianapolis. The property is situated in Marion County, Indiana, with a zip code of 46278. The precise coordinates are latitude 39.9100813 and longitude -86.2925888.

    Property Features for 0 86Th St

    General Information

    Property type
    Land

    HighLights

    • 3‑acre commercial land parcel in Indianapolis, IN.
    • Prime location at 86th Street & Lafayette Road, offering high visibility and accessibility.
    • High‑income demographic; average household income over $200,000 within a 3‑mile radius.
    • Excellent access to I‑65 and I‑465 interstates.
    • Existing utilities and infrastructure in place.
    • C‑4 zoning allows for diverse commercial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.2925888
    Latitude
    39.9100813

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    FAQs

    What type of property is this?
    Land - 3 Acres, High-Income Area, Excellent Location
    Where is this land located?
    The property is located at 86Th St Indianapolis, IN.
    What are key features of this property?
    This property features: 3-acre commercial land parcel in Indianapolis, IN.; Prime location at 86th Street & Lafayette Road, offering high visibility and accessibility.; High-income demographic; average household income over $200,000 within a 3-mile radius.
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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
    86Th St Indianapolis, IN 46278
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