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    2820 Minnesota St Indianapolis, IN 46241

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    For Sale
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    2.5 Acres, I-3 Zoning, Ideal Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.5-acre parcel, located at 2820 W Minnesota St, Indianapolis, IN 46241, presents a rare infill opportunity. Zoned I-3, it's recently been rezoned and approved for a variety of uses, including semi-truck parking, outdoor storage, and heavy vehicle maintenance. The property boasts convenient access to major transportation arteries, I-70 and I-465, providing excellent connectivity to Indianapolis's extensive interstate system. This strategic location offers significant advantages for businesses requiring easy access to regional and national transportation networks. The lot's size and zoning make it suitable for a wide range of industrial and logistical operations. Its location within Marion County ensures proximity to a skilled workforce and established infrastructure. This is a unique chance to acquire a well-situated industrial land parcel in a thriving metropolitan area. Serious inquiries are encouraged to explore the development potential of this exceptional property. The property is situated at 39.7434926 latitude and -86.20697 longitude.

    Property Features for 2820 Minnesota St

    General Information

    Property type
    Land
    Lot Size
    108,900 SF

    HighLights

    • 2.5‑acre industrial land parcel for sale.
    • I‑3 zoning.
    • Recently rezoned for semi‑truck parking, outdoor storage, and heavy vehicle maintenance.
    • Excellent access to I‑70 and I‑465.
    • Prime location in Indianapolis, Indiana, offering strong connectivity to major interstate systems.
    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 Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.20697
    Latitude
    39.7434926

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    FAQs

    What type of property is this?
    Land - 2.5 Acres, I-3 Zoning, Ideal Location
    Where is this land located?
    The property is located at 2820 Minnesota St Indianapolis, IN.
    What are key features of this property?
    This property features: 2.5-acre industrial land parcel for sale.; I-3 zoning.; Recently rezoned for semi-truck parking, outdoor storage, and heavy vehicle maintenance.
    Request Owner's contact information
    2820 Minnesota St Indianapolis, IN 46241
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    Indianapolis, IN 46241
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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
    2820 Minnesota St Indianapolis, IN 46241
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