Technical
Financial
Distress signals
Property profile

10101 38Th St Indianapolis, IN 46235

OFF-MARKET
Specialty properties
342,062 SF 42 ac lot Built 1968
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional redevelopment opportunity presents a substantial 42-acre site encompassing 342,062 square feet of buildable area. Located at 10101 E 38th St, Indianapolis, IN 46235, in Marion County, this property, formerly John Marshall High School, offers significant potential for visionary investors and developers. The property features two stories, one building, and two loading docks with two dock-high doors. Built in 1968, the site is zoned SU-2 and boasts a convenient location near the Far Eastside industrial area and a short drive from downtown Indianapolis. This prime location provides easy access to business hubs, diverse dining options, and vibrant entertainment. The property's size and adaptability make it ideal for a wide range of projects, capitalizing on Indianapolis's dynamic growth. The APN is 49-08-21-124-001.000-701, 49-08-21-124-002.000-701, and 49-08-21-130-003.000-701. Owned by Indianapolis Public School, this is a unique chance to acquire a large-scale property with immense redevelopment potential. Bids are due December 5, 2024. For complete details, visit myips.org/real-estate/.

Property profile

Verified
Property type Specialty properties
Year built 1968
Total area 342,062 SF
Lot 42 ac (1,829,520 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • High School

Location

10101 38Th St Indianapolis, IN 46235
Indianapolis metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 10101 38Th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message