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    10535 Mcgregor Rd Indianapolis, IN 46259

    For Sale
    $1,595,000

    40.5 acres, I-3 zoning, excellent access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 40.5-acre parcel presents a remarkable investment opportunity in Indianapolis, Indiana. Located at 10535 E McGregor Rd, Marion County, zip code 46259, this property boasts a highly desirable I-3 zoning designation, opening doors to a wide range of commercial and industrial uses. The expansive lot offers approximately 3,640 feet of frontage on McGregor Road, providing significant visibility and accessibility. Its strategic location ensures quick access to I-74, a major transportation artery, facilitating efficient logistics and distribution. Priced at $40,000 per acre, the total asking price is $1,595,000. This represents a compelling value proposition for developers and investors seeking a substantial land holding in a thriving market. The property's size and zoning make it suitable for a variety of projects, from large-scale warehousing and distribution centers to manufacturing facilities and other industrial developments. Given its prime location and zoning, this property is poised for significant appreciation. Don't miss this chance to acquire a significant piece of Indianapolis real estate. The latitude and longitude coordinates are 39.6587559 and -85.978053 respectively.

    Property Features for 10535 Mcgregor Rd

    General Information

    Property type
    Land
    Lot Size
    1,764,180 SF

    HighLights

    • 40.5‑acre parcel in Indianapolis, IN.
    • Located at 10535 E McGregor Rd, Marion County, 46259.
    • I‑3 zoning allows for diverse commercial/industrial uses.
    • 3,640 feet of road frontage on McGregor Road.
    • Excellent access to I‑74.
    • $40,000/acre, total price $1,595,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Auto Repair Shop Gym & Fitness Kitchen & Bath HVAC Service Bar & Pub Electrical Service Convenience Store Computer & Electronic Repair Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -85.978053
    Latitude
    39.6587559

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    FAQs

    What type of property is this?
    Land - 40.5 acres, I-3 zoning, excellent access.
    Where is this land located?
    The property is located at 10535 Mcgregor Rd Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $1,595,000.
    What are key features of this property?
    This property features: 40.5-acre parcel in Indianapolis, IN.; Located at 10535 E McGregor Rd, Marion County, 46259.; I-3 zoning allows for diverse commercial/industrial uses.
    Request Owner's contact information
    10535 Mcgregor Rd Indianapolis, IN 46259
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    Indianapolis, IN 46259
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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
    10535 Mcgregor Rd Indianapolis, IN 46259
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