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    6120 Thompson Rd Indianapolis, IN 46237

    Sponsored
    For Sale
    Contact for pricing

    Development-ready land near I-465.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional opportunity presents 1-2 acres of development-ready outlots ideally situated at the busy, signalized intersection of Thompson Road and Arlington Avenue in Indianapolis, Indiana. The property boasts excellent visibility with multiple curb cuts, ensuring high traffic exposure for any commercial venture. With all utilities readily available onsite and on-site detention already provided, development costs are significantly streamlined. The zoning designation, DP, permits C1 and C3 uses, offering a wide range of possibilities for prospective buyers. This location is strategically positioned within a dense trade area, serving a population exceeding 175,000 within a 5-mile radius. High traffic counts of 19,416 vehicles per day on Thompson Road further underscore the significant potential for commercial success. The property's proximity to I-465 provides easy access to major transportation arteries, enhancing its appeal and accessibility. This is a rare chance to acquire land in a high-demand area with exceptional visibility and infrastructure, making it an ideal investment for developers seeking a prime location for retail development in Indianapolis. The address is 6120 E Thompson Rd, Indianapolis, IN 46237, within Marion County.

    Property Features for 6120 Thompson Rd

    General Information

    Property type
    Lifestyle centers

    HighLights

    • 1‑2 acre parcel available, Thompson Road frontage.
    • All utilities available on‑site, including detention.
    • High‑traffic location, over 175,000 population within a 5‑mile radius.
    • Excellent visibility with multiple curb cuts.
    • DP zoning allows for C1 and C3 uses.
    • Close proximity to I‑465.
    Property Profile Location Intelligence

    Current Use by Public Records

    Murphy's Pubhouse South Hamburger Restaurant Rise & Shine Breakfast ... Breakfast Restaurant JW Barbershop Barber Shop Western Union Money Transfer Service Ryan Owens: Allstate ... Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0616008
    Latitude
    39.695972

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    FAQs

    What type of property is this?
    Lifestyle center - Development-ready land near I-465.
    Where is this lifestyle center located?
    The property is located at 6120 Thompson Rd Indianapolis, IN.
    What are key features of this property?
    This property features: 1-2 acre parcel available, Thompson Road frontage.; All utilities available on-site, including detention.; High-traffic location, over 175,000 population within a 5-mile radius.
    Request Owner's contact information
    6120 Thompson Rd Indianapolis, IN 46237
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    Indianapolis, IN 46237
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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
    6120 Thompson Rd Indianapolis, IN 46237
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