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    1240 Stop 11 Rd Indianapolis, IN 46227

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    For Sale
    Contact for pricing

    900 SF Retail Space, High Traffic Area

    Property size:
    900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 900-square-foot auto shop, built in 1985, is located at 1240 E Stop 11 Rd, Indianapolis, IN 46227, in Marion County. The property sits on a 21,950-square-foot lot and boasts a generous parking ratio of 44 spaces per 1,000 square feet. Its C4 zoning offers flexibility for various uses. The building enjoys exceptional visibility and high traffic counts, with 38,500 vehicles per day (VPD) on US 31 and 19,500 VPD on Stop 11 Road. This location benefits from strong demographics and proximity to major retailers and restaurants, including Greenwood Park Mall, Walmart, Portillo's, Burlington, At Home, PetSmart, McDonald's, City Barbecue, Dunkin', and McAlister's. Previously a bank branch, this property presents a unique opportunity for a vehicle-related business or a fast-food establishment with a drive-thru. The site's high traffic volume and strategic location make it an ideal investment opportunity. The property's address is easily accessible and benefits from excellent visibility. This is a rare opportunity to acquire a well-positioned commercial property in a thriving retail corridor.

    Property Features for 1240 Stop 11 Rd

    General Information

    Property type
    Automotive properties
    Square Feet
    900 SF

    Building Details

    Year Built
    1985

    HighLights

    • Excellent site for fast‑food restaurant with drive‑thru potential.
    • Outstanding opportunity for a vehicle‑related business.
    • High visibility and traffic counts: 38,500 VPD on US 31 and 19,500 VPD on Stop 11 Road.
    • Former bank branch.
    • C4 zoning.
    • Ample parking: 44 spaces per 1,000 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.13608385
    Latitude
    39.65041357

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    FAQs

    What type of property is this?
    Automotive property - 900 SF Retail Space, High Traffic Area
    Where is this automotive property located?
    The property is located at 1240 Stop 11 Rd Indianapolis, IN.
    What are key features of this property?
    This property features: Excellent site for fast-food restaurant with drive-thru potential.; Outstanding opportunity for a vehicle-related business.; High visibility and traffic counts: 38,500 VPD on US 31 and 19,500 VPD on Stop 11 Road.
    (317) 796-4733
    Request Owner's contact information
    1240 Stop 11 Rd Indianapolis, IN 46227
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    Indianapolis, IN 46227
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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
    1240 Stop 11 Rd Indianapolis, IN 46227
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