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    8800 21St St Indianapolis, IN 46219

    Sponsored
    For Sale
    $175,000

    High-traffic corner lot, excellent visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 0.51-acre commercial lot at 8800 E 21st Street in Indianapolis, Indiana, presents a unique investment opportunity. Located in Marion County, zip code 46219, this property boasts exceptional visibility due to its prime corner location. The high traffic counts on East 21st Street (12,554 vehicles per day) and at the intersection of North Post Road and East 21st Street (54,371 vehicles per day) ensure significant exposure for any business. The asking price is $175,000. This retail land is strategically situated less than one mile from the major interstates I-465 and I-70, providing easy access for customers and employees. The property benefits from its proximity to established businesses, including a KFC and Taco Bell combo restaurant, a daycare center, and a family entertainment venue. Furthermore, its location is one block west of the Indiana State Police Headquarters and the Indiana Department of Transportation (INDOT), adding to its strategic value and potential for high foot traffic. This property is ideal for a variety of retail uses and represents a compelling investment opportunity in a high-traffic area.

    Property Features for 8800 21St St

    General Information

    Property type
    Land
    Lot Size
    22,216 SF

    HighLights

    • High‑visibility corner lot on heavily trafficked E 21st Street.
    • Excellent location near established national brands (KFC, Taco Bell) and family‑oriented businesses.
    • Convenient access to I‑465 and I‑70 (less than one mile).
    • One block from Indiana State Police HQ and INDOT.
    • E 21st Street boasts 12,554 vehicles per day (VPD).
    • Intersection of N Post Rd and E 21st St sees 54,371 VPD.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.013001
    Latitude
    39.797072

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    FAQs

    What type of property is this?
    Land - High-traffic corner lot, excellent visibility.
    Where is this land located?
    The property is located at 8800 21St St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: High-visibility corner lot on heavily trafficked E 21st Street.; Excellent location near established national brands (KFC, Taco Bell) and family-oriented businesses.; Convenient access to I-465 and I-70 (less than one mile).
    Request Owner's contact information
    8800 21St St Indianapolis, IN 46219
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    Indianapolis, IN 46219
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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
    8800 21St St Indianapolis, IN 46219
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