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    8956 600 McCordsville, IN 46055

    Sponsored
    For Lease
    Contact for pricing

    High-growth area, prime retail land.

    Lot size:
    52,272 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial real estate offering presents a unique investment opportunity in the thriving McCordsville, Indiana market. Currently, a retail building is under construction, with plans for a second building in the near future. The property encompasses 5.7 acres of land, with a 1.2-acre outlot currently available for lease or build-to-suit development. This strategically located site boasts excellent visibility and accessibility from Olio Road, placing it in close proximity to the recently opened New Leo's Market & Eatery. The property's location serves the affluent communities of McCordsville, Fortville, and Geist, an underserved market with high income potential. The existing building offers one available retail space, making it ideal for a variety of businesses seeking a high-traffic location. The potential for future development, combined with the current construction and prime location, makes this a compelling opportunity for investors and businesses alike. The property is zoned for commercial use and offers significant potential for growth and return on investment within a rapidly expanding area. The 1.2-acre outlot provides flexibility for businesses seeking to build their own custom space, tailored to their specific needs. This is a rare chance to secure a prominent position in a burgeoning retail corridor.

    Property Features for 8956 600

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    52,272 SF

    Unit(s) available at that property

    Space
    Space 1
    Size
    52,272 SF

    HighLights

    • 5.7 acres of commercial land in Hancock County.
    • Retail space available for lease; one building under construction, a second planned.
    • 1.2‑acre outlot available for lease or build‑to‑suit.
    • Located near New Leo's Market & Eatery.
    • High‑income area serving McCordsville, Fortville, and Geist.
    • Olio Road frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    McCordsville
    County
    Hancock
    State
    Indiana
    Longitude
    -85.9200588
    Latitude
    39.9125039

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    FAQs

    What type of property is this?
    Retail property - High-growth area, prime retail land.
    Where is this retail property located?
    The property is located at 8956 600 McCordsville, IN.
    What are key features of this property?
    This property features: 5.7 acres of commercial land in Hancock County.; Retail space available for lease; one building under construction, a second planned.; 1.2-acre outlot available for lease or build-to-suit.
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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
    8956 600 McCordsville, IN 46055
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