Property profile

0 86Th St Indianapolis, IN 46278

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 3-acre commercial land parcel presents a unique investment opportunity in Indianapolis, Indiana. Strategically located at the intersection of 86th Street and Lafayette Road, this property boasts unparalleled access to a thriving, high-income demographic. The surrounding area includes affluent communities such as Trader's Point, Pike Township, Zionsville, Brownsburg, and Eagle Creek, with an average household income exceeding $200,000 within a 3-mile radius. This translates to a substantial consumer base for any commercial venture. The site's convenient proximity to major interstates I-65 and I-465 ensures excellent accessibility and visibility. Furthermore, existing utilities and infrastructure are already in place, simplifying development and reducing upfront costs. With over 31,000 households within a 5-mile radius, this location offers significant market reach. The property is zoned C-4, providing flexibility for a wide range of commercial uses. This prime location and favorable zoning make this 3-acre parcel an ideal investment for developers seeking a high-return opportunity in a rapidly growing area of Indianapolis. The property is situated in Marion County, Indiana, with a zip code of 46278. The precise coordinates are latitude 39.9100813 and longitude -86.2925888.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

86Th St Indianapolis, IN 46278
Indianapolis metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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