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    6309 86Th St Indianapolis, IN 46278

    For Sale
    Contact for pricing

    198-Acre Parcel, I-465 Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 198-acre commercial land parcel, known as The Park at West 86th, presents a unique opportunity for large-scale mixed-use development in Indianapolis, Indiana. Strategically located at the intersection of West 86th Street and I-465, this site boasts unparalleled visibility and convenient access. Zoned D1, D2, and DA, the property allows for a diverse range of uses, including retail, residential, senior living, office, and medical facilities. A conceptual master plan envisions a vibrant destination incorporating these uses, enhanced by existing ponds and ample green spaces. The site's size and zoning make it ideal for a headquarters campus or a medical campus with supporting amenities such as hotels and retail establishments. Multiple access points ensure efficient ingress and egress for future development. The property's location within Marion County, near the city of Indianapolis (zip code 46278), offers excellent connectivity and proximity to a thriving community. This is the largest remaining development site in Indianapolis, offering significant potential for a transformative project in cooperation with Pike Township and the City of Indianapolis. The property's coordinates are 39.9084185 latitude and -86.2745782 longitude.

    Property Features for 6309 86Th St

    General Information

    Property type
    Land

    HighLights

    • 198‑acre commercial land parcel available for mixed‑use development.
    • Located at the high‑visibility intersection of I‑465 and West 86th Street in Indianapolis, Indiana.
    • Zoned D1, D2, & DA.
    • Offers potential for retail, residential, senior living, office, and medical uses.
    • Conceptual master plan includes ample green space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.2745782
    Latitude
    39.9084185

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    FAQs

    What type of property is this?
    Land - 198-Acre Parcel, I-465 Visibility
    Where is this land located?
    The property is located at 6309 86Th St Indianapolis, IN.
    What are key features of this property?
    This property features: 198-acre commercial land parcel available for mixed-use development.; Located at the high-visibility intersection of I-465 and West 86th Street in Indianapolis, Indiana.; Zoned D1, D2, & DA.
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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
    6309 86Th St Indianapolis, IN 46278
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