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    3650 Mitthoefer Rd Indianapolis, IN 46235

    For Sale
    $339,000

    2.26 Acres, $339,000 - High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 2.26-acre vacant commercial land parcel presents a remarkable investment opportunity in Indianapolis, Indiana. Located at 3650 N Mitthoefer Rd, in Marion County, zip code 46235, this property boasts a strategic location within a thriving retail corridor. The asking price is $339,000, translating to a land value of $3.44 per square foot. The site benefits from a high concentration of residents and employees within a short radius. Over 5,900 people live within one mile, and more than 32,900 reside within three miles. Furthermore, the area boasts a robust daytime workforce, with over 26,400 employees within a three-mile radius. This strong demographic profile is further enhanced by a projected 1.13% population growth within a one-mile radius over the next five years. The property's immediate surroundings include several national retailers, such as Walmart, Goodwill, Starbucks, and McDonald's, ensuring high visibility and accessibility. This prime location offers significant potential for various commercial developments, making it an ideal investment for discerning buyers seeking a high-growth area with established infrastructure and strong consumer demand. The property is ready for immediate development.

    Property Features for 3650 Mitthoefer Rd

    General Information

    Property type
    Land
    Lot Size
    98,446 SF

    HighLights

    • 2.26‑acre vacant commercial land parcel in Indianapolis, IN.
    • High‑density population: 5,900+ residents within 1 mile, 32,900+ within 3 miles.
    • Projected 1.13% population growth within 1 mile radius over the next 5 years.
    • Strong daytime workforce: 26,400+ employees within a 3‑mile radius.
    • Prime retail location near Walmart, Goodwill, Starbucks, and McDonald's.
    Property Profile Insight Report 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 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
    -85.992464
    Latitude
    39.823905

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    FAQs

    What type of property is this?
    Land - 2.26 Acres, $339,000 - High Traffic Area
    Where is this land located?
    The property is located at 3650 Mitthoefer Rd Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $339,000.
    What are key features of this property?
    This property features: 2.26-acre vacant commercial land parcel in Indianapolis, IN.; High-density population: 5,900+ residents within 1 mile, 32,900+ within 3 miles.; Projected 1.13% population growth within 1 mile radius over the next 5 years.
    Request Owner's contact information
    3650 Mitthoefer Rd Indianapolis, IN 46235
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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
    3650 Mitthoefer Rd Indianapolis, IN 46235
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