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    1000 Carroll Rd Indianapolis, IN 46239

    Sponsored
    For Sale
    $2,218,500

    44 Acres, Utilities Available, Flat Topography

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 44.37-acre commercial land parcel presents a remarkable development opportunity in Indianapolis, Indiana. Located at 1000 S Carroll Rd, in Hancock County, zip code 46239, this property boasts a highly desirable flat topography, simplifying construction and site preparation. The asking price is $2,218,500. Situated in the Lawrence/East County submarket, this site offers convenient access to established infrastructure and amenities. A key advantage is the presence of utilities at or near the site, significantly reducing development costs and timelines. The expansive lot size provides ample space for a variety of commercial projects, making it an ideal investment for developers seeking a prime location with readily available utilities and a level building site. The property's location in Indianapolis, combined with its size and infrastructure readiness, positions it for significant future growth and return on investment. This is a rare opportunity to acquire a large, well-situated parcel of land ready for immediate development. Coordinates are 39.727167 latitude and -85.9917437 longitude.

    Property Features for 1000 Carroll Rd

    General Information

    Property type
    Land
    Lot Size
    1,932,757 SF

    HighLights

    • ± 44‑acre development site in Indianapolis, IN.
    • Utilities at or near the site.
    • Flat topography.
    • Lawrence/East County submarket location.
    • Excellent development opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Building Supply Dental Office Clothing Store Nail Salon Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hancock
    State
    Indiana
    Longitude
    -85.9917437
    Latitude
    39.727167

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    FAQs

    What type of property is this?
    Land - 44 Acres, Utilities Available, Flat Topography
    Where is this land located?
    The property is located at 1000 Carroll Rd Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $2,218,500.
    What are key features of this property?
    This property features: ± 44-acre development site in Indianapolis, IN.; Utilities at or near the site.; Flat topography.
    (317) 663-6538
    Request Owner's contact information
    1000 Carroll Rd Indianapolis, IN 46239
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    Indianapolis, IN 46239
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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
    1000 Carroll Rd Indianapolis, IN 46239
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