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    3916 96Th St Indianapolis, IN 46268

    Sponsored
    For Sale
    $1,100,000

    1.27-acre development site, ideal for medical.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.27-acre commercial land parcel, located at 3916 W. 96th Street in Carmel, Indiana, presents a prime development opportunity. The property is zoned S-1 and offers significant potential for a variety of commercial uses, particularly medical facilities or clinics. Its strategic location, approximately 500 feet from the high-traffic intersection of 96th Street and Michigan Road, ensures excellent visibility and accessibility. The asking price for this Hamilton County property is $1,100,000. This site's 1.27 acres provide ample space for a substantial development. Furthermore, there's a potential for expansion. Combining this property with the adjacent 3838 W. 96th Street (zoned Carmel B-7) would yield a total of 2.05 acres, significantly increasing development possibilities. The property's zip code is 46268. This is a rare opportunity to acquire a well-situated commercial land parcel in a thriving Carmel, Indiana location. The property's coordinates are 39.926780015098025 latitude and -86.22779073813376 longitude. Broker cooperation is available.

    Property Features for 3916 96Th St

    General Information

    Property type
    Land
    Lot Size
    55,321 SF

    HighLights

    • 1.27‑acre commercial land parcel in Carmel, IN, zoned S‑1, ideal for medical facilities.
    • High‑visibility location, approximately 500 feet from the 96th Street and Michigan Road intersection.
    • $1,100,000 asking price.
    • Potential for expansion to 2.05 acres by combining with adjacent property (3838 W. 96th Street, zoned Carmel B‑7).
    • Broker cooperation is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    Hamilton
    State
    Indiana
    Longitude
    -86.227790738134
    Latitude
    39.926780015098

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    FAQs

    What type of property is this?
    Land - 1.27-acre development site, ideal for medical.
    Where is this land located?
    The property is located at 3916 96Th St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: 1.27-acre commercial land parcel in Carmel, IN, zoned S-1, ideal for medical facilities.; High-visibility location, approximately 500 feet from the 96th Street and Michigan Road intersection.; $1,100,000 asking price.
    Request Owner's contact information
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    Indianapolis, IN 46268
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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
    3916 96Th St Indianapolis, IN 46268
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