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    3610 Shadeland Ave Indianapolis, IN 46226

    Sponsored
    For Sale
    $375,000

    1.43 Acres, High-Traffic Location, $375K

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.43-acre commercial land parcel, located at 3610 N Shadeland Ave in Indianapolis, Indiana (zip code 46226, Marion County), presents a compelling investment opportunity. The property, identified by APN 49-07-23-122-026.000-700, is zoned C-5, allowing for a variety of commercial uses. Situated in a high-traffic area of Shadeland Avenue, between 38th and 34th Streets, this location benefits from significant daily vehicular traffic. Currently, an existing building and business on the site generates a monthly rental income of $2,500. The property's pro-forma net operating income (NOI) is $30,000, yielding a pro-forma capitalization rate of 8.00%. The asking price is $375,000. A three-year lease is in place, with two years remaining on the current term. This presents a strong cash flow opportunity for investors seeking a well-located commercial property with immediate income generation. The property's size and zoning make it ideal for a variety of commercial developments, capitalizing on the high visibility and traffic volume of this established commercial corridor. Serious inquiries are encouraged.

    Property Features for 3610 Shadeland Ave

    General Information

    Property type
    Land
    Lot Size
    62,291 SF

    HighLights

    • 1.43‑acre commercial land parcel in high‑traffic area of Indianapolis, IN.
    • C‑5 zoning allows for diverse commercial uses.
    • Existing building generates $2,500/month in rent with a three‑year lease (two years remaining).
    • Property offers a pro‑forma NOI of $30,000 and a pro‑forma cap rate of 8.00%.
    • Asking price: $375,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -86.0462883
    Latitude
    39.8216632

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    FAQs

    What type of property is this?
    Land - 1.43 Acres, High-Traffic Location, $375K
    Where is this land located?
    The property is located at 3610 Shadeland Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: 1.43-acre commercial land parcel in high-traffic area of Indianapolis, IN.; C-5 zoning allows for diverse commercial uses.; Existing building generates $2,500/month in rent with a three-year lease (two years remaining).
    Request Owner's contact information
    3610 Shadeland Ave Indianapolis, IN 46226
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    Indianapolis, IN 46226
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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
    3610 Shadeland Ave Indianapolis, IN 46226
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