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    6450 Shadeland Ave Indianapolis, IN 46220

    Sponsored
    For Sale
    $600,000

    4.45 Acres, High Visibility, I-465 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4.45-acre commercial land parcel presents a unique investment opportunity in Indianapolis, Indiana. Located at 6450 Shadeland Ave, Marion County, zip code 46220 (APN: 49-02-35-103-001.000-400), this property boasts unparalleled visibility and accessibility. The site offers 770 feet of frontage along I-465, enjoying exposure to an average daily traffic count of 527 vehicles (192,426 annually), and an additional 749 feet of frontage along Shadeland Ave, with an average daily traffic count of 61 vehicles (22,257 annually). The land itself is characterized by a wooded, rolling terrain, providing a naturally attractive setting for development. Furthermore, accessible utilities are readily available, simplifying the construction process. Zoned C-1, this property is ideally suited for a variety of commercial uses, making it an attractive prospect for developers and investors seeking a high-impact location with significant development potential. The asking price for this remarkable property is $600,000. Don't miss this chance to acquire a premier commercial site in a thriving Indianapolis location.

    Property Features for 6450 Shadeland Ave

    General Information

    Property type
    Land
    Lot Size
    193,842 SF

    HighLights

    • $600,000 asking price.
    • 4.45‑acre commercial land parcel.
    • C‑1 zoning.
    • 770 feet of I‑465 frontage (527 average daily vehicles).
    • 749 feet of Shadeland Ave frontage (61 average daily vehicles).
    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 Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0464407
    Latitude
    39.8750743

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    FAQs

    What type of property is this?
    Land - 4.45 Acres, High Visibility, I-465 Frontage
    Where is this land located?
    The property is located at 6450 Shadeland Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: $600,000 asking price.; 4.45-acre commercial land parcel.; C-1 zoning.
    (317) 844-2700
    Request Owner's contact information
    6450 Shadeland Ave Indianapolis, IN 46220
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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
    6450 Shadeland Ave Indianapolis, IN 46220
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