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Property profile & analytics
OFF-MARKET
Specialty properties

10101 38Th St Indianapolis, IN 46235

342,062 SF 42 ac lot Built 1968
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • John Marshall High School High School
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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