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    5935 86Th St Indianapolis, IN 46278

    For Sale
    $1,200,000

    High-visibility corner lot, 3,627 SF, 33 parking spaces.

    Property size:
    3,627 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3,627 square foot commercial property, located at 5935 W. 86th St in Indianapolis, Indiana, presents a unique investment opportunity. Built in 1993, this former bank branch boasts modern architecture and sits on a prominent 1.35-acre corner lot with excellent visibility and accessibility. The property benefits from its strategic location near the W 86th/I-465 interchange, ensuring high traffic volume. With over 100,000 vehicles passing daily, this location offers unparalleled exposure. The ample 33-space parking lot and four drive-thru lanes cater to customer convenience. The C-3 zoning allows for a variety of uses, making it ideal for businesses seeking a high-traffic location. Surrounded by Traders Point amenities and benefiting from strong submarket demographics and daytime population, this property is conveniently located near Eagle Creek, Zionsville, and Park 100. The asking price is $1,200,000. This property is zoned for neighborhood commercial use.

    Property Features for 5935 86Th St

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,627 SF
    Lot Size
    58,806 SF

    Building Details

    Year Built
    1993

    HighLights

    • Ample 33‑space parking lot.
    • Four drive‑thru lanes.
    • High visibility to over 100,000 vehicles per day (VPD).
    • Built in 1993.
    • C‑3 Neighborhood Commercial zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    PNC Bank ATM Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.2656458
    Latitude
    39.9100301

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    FAQs

    What type of property is this?
    Individual retail property - High-visibility corner lot, 3,627 SF, 33 parking spaces.
    Where is this individual retail property located?
    The property is located at 5935 86Th St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Ample 33-space parking lot.; Four drive-thru lanes.; High visibility to over 100,000 vehicles per day (VPD).
    Request Owner's contact information
    5935 86Th St Indianapolis, IN 46278
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    Indianapolis, IN 46278
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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
    5935 86Th St Indianapolis, IN 46278
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