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    6711 Shelbyville Rd Indianapolis, IN 46237

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    Prime Indianapolis Land, Mixed-Use Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6711 Shelbyville Road property presents a unique investment opportunity in Indianapolis, Indiana. Currently zoned D-A, this land parcel offers significant potential for a variety of development projects. Its versatile zoning allows for exploration of both commercial and residential uses, making it ideal for developers seeking a mixed-use project. Imagine a thriving townhome community seamlessly integrated with retail or office spaces, catering to the needs of a diverse population. The location in Marion County, with a 46237 zip code, provides easy access to major transportation routes and established amenities, ensuring high visibility and convenient access for future tenants or residents. The property's latitude and longitude coordinates are 39.665419 and -86.050642 respectively. The existing D-A zoning provides a solid foundation, but the possibility of rezoning to light commercial or moderate residential opens up even more development options. This flexibility allows for creative and adaptable project planning, maximizing the property's potential return on investment. Serious inquiries are encouraged to explore the possibilities of this strategically located and versatile land parcel. Don't miss this chance to acquire a prime piece of Indianapolis real estate with significant upside potential.

    Property Features for 6711 Shelbyville Rd

    General Information

    Property type
    Land

    HighLights

    • 6711 Shelbyville Road, Indianapolis, IN 46237, offers a unique development opportunity.
    • The property is zoned D‑A, allowing for mixed‑use development (commercial and residential).
    • Its location in Marion County provides excellent access to transportation and amenities.
    • The site offers significant upside potential for investors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Clothing Store Pharmacy Skin Care Clinic Accounting Firm Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.050642
    Latitude
    39.665419

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    FAQs

    What type of property is this?
    Land - Prime Indianapolis Land, Mixed-Use Potential
    Where is this land located?
    The property is located at 6711 Shelbyville Rd Indianapolis, IN.
    What are key features of this property?
    This property features: 6711 Shelbyville Road, Indianapolis, IN 46237, offers a unique development opportunity.; The property is zoned D-A, allowing for mixed-use development (commercial and residential).; Its location in Marion County provides excellent access to transportation and amenities.
    (317) 613-3124
    Request Owner's contact information
    6711 Shelbyville 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
    6711 Shelbyville Rd Indianapolis, IN 46237
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