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    5350 Southport Rd Indianapolis, IN 46237

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    For Sale
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    1.136 Acres, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.136-acre commercial development parcel presents a rare opportunity in Indianapolis, Indiana. Situated in the thriving Valley Ridge Development, this lot is the last remaining commercial site, offering unparalleled visibility and accessibility. The property boasts a CS zoning designation, allowing for a variety of retail development options. Its prime location along Southport Road places it within a high-traffic retail corridor, experiencing approximately 25,278 vehicles daily. The site benefits from multiple points of ingress and egress, ensuring convenient access for customers and employees. This strategic location is further enhanced by its close proximity to major retail anchors including Super Target, Staples, Home Depot, Kohl's, Menards, and Meijer, creating a strong synergy and significant customer draw. The property's APN is 49-15-10-110-008.000-300, and its address is 5350 Southport Road, Indianapolis, IN 46237. This is an exceptional opportunity for developers seeking a high-impact location within a well-established retail environment. The property's size and location make it ideal for a variety of retail uses, capitalizing on the significant daily traffic count and the presence of established national retailers. Don't miss this chance to secure the last remaining commercial lot in this sought-after development.

    Property Features for 5350 Southport Rd

    General Information

    Property type
    Retail properties
    Lot Size
    49,484 SF

    HighLights

    • 1.136‑acre development land parcel in Indianapolis, Indiana.
    • Located in a prime retail corridor on Southport Road, Marion County.
    • Zoned CS.
    • APN: 49‑15‑10‑110‑008.000‑300.
    • High traffic count (approx. 25,278 vehicles/day) on Southport Road.
    • Proximity to major retailers including Target, Staples, Home Depot, Kohl's, Menards, and Meijer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -86.0772453
    Latitude
    39.6665826

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    FAQs

    What type of property is this?
    Retail property - 1.136 Acres, High-Traffic Location
    Where is this retail property located?
    The property is located at 5350 Southport Rd Indianapolis, IN.
    What are key features of this property?
    This property features: 1.136-acre development land parcel in Indianapolis, Indiana.; Located in a prime retail corridor on Southport Road, Marion County.; Zoned CS.
    Request Owner's contact information
    5350 Southport 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
    5350 Southport Rd Indianapolis, IN 46237
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