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    12045 Washington St Indianapolis, IN 46229

    Sponsored
    For Sale
    Contact for pricing

    High-visibility land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.52-acre commercial land parcel presents a unique investment opportunity in the thriving Cumberland area of Indianapolis, Indiana. Strategically located at the hard corner of East Washington Street and South County Line Road, this property boasts unparalleled visibility to over 29,000 vehicles per day (VPD), ensuring maximum exposure for any future development. The property is zoned C-3, offering a wide range of potential uses. Its prime location within the rapidly growing Cumberland market makes it an attractive prospect for businesses seeking high-traffic exposure and convenient access to major thoroughfares. The address is 12045 E Washington St, Indianapolis, IN 46229, within Marion County. This expansive lot provides ample space for a variety of commercial ventures, from retail establishments and restaurants to office buildings and light industrial facilities. The property's size and location combine to create a compelling investment opportunity with significant potential for future appreciation. Detailed zoning information and development possibilities are readily available upon request. This is a rare chance to acquire a highly visible and strategically located commercial land parcel in a dynamic and expanding market. Don't miss this opportunity to secure a prime piece of real estate in the heart of Cumberland.

    Property Features for 12045 Washington St

    General Information

    Property type
    Land

    HighLights

    • 1.52‑acre parcel for sale.
    • C‑3 zoning.
    • Located in the rapidly developing Cumberland market.
    • High‑visibility corner lot at E Washington Street and S County Line Road, boasting over 29,000 vehicles per day (VPD).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -85.9529719
    Latitude
    39.7763648

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    FAQs

    What type of property is this?
    Land - High-visibility land, ideal for development.
    Where is this land located?
    The property is located at 12045 Washington St Indianapolis, IN.
    What are key features of this property?
    This property features: 1.52-acre parcel for sale.; C-3 zoning.; Located in the rapidly developing Cumberland market.
    (317) 597-1715
    Request Owner's contact information
    12045 Washington St Indianapolis, IN 46229
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    Indianapolis, IN 46229
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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
    12045 Washington St Indianapolis, IN 46229
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