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    5990 Raymond St Indianapolis, IN 46203

    Sponsored
    For Sale
    $279,000

    Vacant 20,423 SF Auto Shop - $279K

    Property size:
    20,423 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 20,423 square foot vacant commercial property presents a remarkable investment opportunity in Indianapolis, Indiana. Located at 5990 E Raymond St, in Marion County, this property boasts a prime corner location and is zoned C-3, offering considerable versatility for a range of commercial uses. The asking price is $279,000, translating to a price per square foot of $13.66. The building's substantial size, coupled with its flexible zoning, makes it ideal for an auto shop, but also presents possibilities for a convenience store, smoke shop, or other similar businesses. The 0.47-acre lot provides ample space for operations and potential expansion. The property is currently vacant, allowing for immediate occupancy and customization to suit a new owner's specific needs. Its location in Indianapolis, within the 46203 zip code, offers excellent access to transportation routes and a strong customer base. This is a rare chance to acquire a large, well-situated commercial property at an attractive price point in a thriving market. The property's size and zoning provide a significant advantage for entrepreneurs seeking a substantial space to establish or expand their business. Don't miss this chance to secure a prime commercial location in Indianapolis.

    Property Features for 5990 Raymond St

    General Information

    Property type
    Automotive properties
    Square Feet
    20,423 SF
    Lot Size
    20,473 SF

    HighLights

    • $279,000 asking price for this vacant auto shop.
    • 20,423 square foot building on a 0.47‑acre lot.
    • Located at 5990 E Raymond St, Indianapolis, IN 46203.
    • C‑3 zoning.
    • $13.66 price per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    A Comfortable Climate Hvac Contractor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0641794
    Latitude
    39.739255

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    FAQs

    What type of property is this?
    Automotive property - Vacant 20,423 SF Auto Shop - $279K
    Where is this automotive property located?
    The property is located at 5990 Raymond St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $279,000.
    What are key features of this property?
    This property features: $279,000 asking price for this vacant auto shop.; 20,423 square foot building on a 0.47-acre lot.; Located at 5990 E Raymond St, Indianapolis, IN 46203.
    Request Owner's contact information
    5990 Raymond St Indianapolis, IN 46203
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    Indianapolis, IN 46203
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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
    5990 Raymond St Indianapolis, IN 46203
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