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    10930 59Th St Indianapolis, IN 46236

    For Lease
    Contact for pricing

    4.63 Acres, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 4.63-acre commercial land parcel presents a remarkable development opportunity in Indianapolis, Indiana. Strategically located at the northwest corner of 59th Street and Sunnyside Road, this property boasts excellent visibility and accessibility. The site enjoys exposure to over 54,000 vehicles daily at the intersection of Pendleton Pike and Sunnyside Road, ensuring high traffic counts and significant brand visibility for any future development. The land is currently available for sale or lease and is divisible into multiple outlots, offering flexibility for various project sizes and needs. Zoning permits both C4 (commercial) and I3 (industrial) uses, opening doors to a wide range of development possibilities, including retail, industrial, or flex space. This prime location and versatile zoning make this property an ideal investment for developers seeking a high-impact commercial project in a thriving area of Indianapolis. The "development ready" status of the land streamlines the process, minimizing pre-development hurdles and accelerating project timelines. This is a rare opportunity to acquire a significant parcel in a high-traffic area with excellent visibility and diverse development potential. Serious inquiries are encouraged.

    Property Features for 10930 59Th St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Size
    0 SF

    HighLights

    • +/- 4.63 acres of commercial land available for sale or lease in Indianapolis, IN.
    • Located at the northwest corner of 59th Street and Sunnyside Road.
    • Excellent visibility and high traffic count (over 54,000 vehicles per day) at a major intersection.
    • Suitable for retail, industrial, or flex development.
    • Zoned C4 and I3.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -85.974162
    Latitude
    39.864313

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    FAQs

    What type of property is this?
    Land - 4.63 Acres, Development Ready
    Where is this land located?
    The property is located at 10930 59Th St Indianapolis, IN.
    What are key features of this property?
    This property features: +/- 4.63 acres of commercial land available for sale or lease in Indianapolis, IN.; Located at the northwest corner of 59th Street and Sunnyside Road.; Excellent visibility and high traffic count (over 54,000 vehicles per day) at a major intersection.
    Request Owner's contact information
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    Indianapolis, IN 46236
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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
    10930 59Th St Indianapolis, IN 46236
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