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    1005 86Th St Indianapolis, IN 46240

    Sponsored
    For Sale
    $615,000

    Indianapolis development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 615,000 USD commercial land parcel, located at 1005 E 86th St, Indianapolis, IN 46240, presents a unique investment opportunity in a thriving retail area. The property is zoned C-1, allowing for a variety of commercial uses. Its strategic location within Marion County offers unparalleled access to a dense trade area, boasting significant foot traffic and high visibility. Major retailers such as Target, Whole Foods, Kroger, Aldi, and Total Wine serve as anchors, creating a strong and established commercial environment. The high volume of traffic on E 86th St, with a reported 22,330 vehicles per day, further underscores the property's exceptional potential. This prime location provides excellent exposure and accessibility for any commercial venture. The property's latitude and longitude coordinates are 39.9121335 and -86.1405508 respectively. This is a rare chance to acquire a well-situated commercial land parcel in a high-demand area with established infrastructure and a proven track record of success. The property's size and zoning make it suitable for a range of commercial developments, offering significant return on investment potential. Serious inquiries are encouraged to explore this exciting opportunity.

    Property Features for 1005 86Th St

    General Information

    Property type
    Land

    HighLights

    • $615,000 asking price.
    • Commercial land in Indianapolis, Indiana.
    • Located at 1005 E 86th St, Indianapolis, IN 46240.
    • C‑1 zoning.
    • High‑traffic area with nearby Target, Whole Foods, Kroger, Aldi, and Total Wine.
    • East 86th Street has a high volume of daily traffic (22,330 vehicles).
    Property Profile Location Intelligence

    Current Use by Public Records

    BIGGBY COFFEE Coffee Shop

    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
    -86.1405508
    Latitude
    39.9121335

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    FAQs

    What type of property is this?
    Land - Indianapolis development opportunity.
    Where is this land located?
    The property is located at 1005 86Th St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $615,000.
    What are key features of this property?
    This property features: $615,000 asking price.; Commercial land in Indianapolis, Indiana.; Located at 1005 E 86th St, Indianapolis, IN 46240.
    Request Owner's contact information
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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
    1005 86Th St Indianapolis, IN 46240
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