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    1820 Arlington Ave Indianapolis, IN 46203

    For Sale
    $400,000

    Residential land, wooded acreage, city proximity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 23.637+/- acre property, located at 1820 S Arlington Ave, Indianapolis, IN 46203, presents a rare opportunity in Marion County. Zoned for residential use, this expansive lot offers 865 feet of frontage on Arlington Avenue and includes two additional lots situated on Silver Lane Road. The land is predominantly wooded, providing a secluded feel despite its convenient location near schools and major roadways. Its central Indianapolis location offers the unique advantage of a tranquil, wooded setting while remaining easily accessible to urban amenities. The property's natural features include a creek, adding to its scenic appeal. The substantial acreage presents diverse development possibilities, ranging from constructing a single, expansive residence to subdividing and selling smaller parcels. This is an ideal investment for those seeking a large, secluded lot within the city limits, offering both privacy and convenience. The property is situated north of Raymond Street and easily accessible via the two lots at the end of Silver Lane Road (east side). The asking price for this remarkable property is $400,000.

    Property Features for 1820 Arlington Ave

    General Information

    Property type
    Agricultural land
    Lot Size
    1,001,880 SF

    HighLights

    • 23.637+/- acre lot in Indianapolis, IN.
    • 865 feet of frontage on Arlington Avenue, plus two additional lots on Silver Lane Road.
    • Wooded lot with creek, offering secluded setting near schools and major roadways.
    • Zoned residential; suitable for single large home or subdivision.
    • Asking price: $400,000.
    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 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
    -86.066237
    Latitude
    39.743921

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    FAQs

    What type of property is this?
    Agricultural land - Residential land, wooded acreage, city proximity.
    Where is this agricultural land located?
    The property is located at 1820 Arlington Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: 23.637+/- acre lot in Indianapolis, IN.; 865 feet of frontage on Arlington Avenue, plus two additional lots on Silver Lane Road.; Wooded lot with creek, offering secluded setting near schools and major roadways.
    Request Owner's contact information
    1820 Arlington Ave Indianapolis, IN 46203
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    Indianapolis, IN 46203
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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
    1820 Arlington Ave Indianapolis, IN 46203
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