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    4954 Lafayette Rd Indianapolis, IN 46254

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    For Sale
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    0.74-acre commercial lot, prime Indianapolis location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.74-acre commercial land parcel presents a unique investment opportunity in Indianapolis, Indiana. Located at 4954 Lafayette Road, this property boasts convenient access to a busy thoroughfare, offering excellent visibility and high traffic counts. The site is zoned C3 commercial, ensuring a wide range of development possibilities. All utilities are readily available on-site, simplifying the development process. A significant advantage is the existing easement agreement with an adjacent strip center, granting valuable drive-thru access for future businesses. This feature significantly enhances the property's appeal and potential for various commercial ventures. Furthermore, pylon signage opportunities are available at the highly visible corner of Lafayette Road and the I-65 on-ramp, providing exceptional branding potential. The property's proximity to Centre West, a Walmart-anchored shopping center, further underscores its strategic location within a thriving commercial area. This location offers immediate access to a substantial customer base and significant foot traffic. This parcel is ideal for developers seeking a well-situated site with excellent access and visibility in a high-growth area of Indianapolis, within Marion County, zip code 46254.

    Property Features for 4954 Lafayette Rd

    General Information

    Property type
    Land
    Lot Size
    32,234 SF

    HighLights

    • C‑3 commercial zoning, utilities on‑site.
    • Located near Centre West, a Walmart‑anchored shopping center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Property Damage Appraisers ... Appraiser

    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
    -86.253549741547
    Latitude
    39.843040415627

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    FAQs

    What type of property is this?
    Land - 0.74-acre commercial lot, prime Indianapolis location.
    Where is this land located?
    The property is located at 4954 Lafayette Rd Indianapolis, IN.
    What are key features of this property?
    This property features: C-3 commercial zoning, utilities on-site.; Located near Centre West, a Walmart-anchored shopping center.;
    Request Owner's contact information
    4954 Lafayette Rd Indianapolis, IN 46254
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    Indianapolis, IN 46254
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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
    4954 Lafayette Rd Indianapolis, IN 46254
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