700 South St Indianapolis, IN 46140
This exceptional 25.08-acre commercial land parcel presents a unique investment opportunity in Cumberland, Indiana. Strategically located at the highly visible, signalized intersection of US 40 and S 700 W, this property is ideally suited for mixed-use, commercial, or retail development. Designated as the "Town Center" in the Cumberland Comprehensive Plan, this site boasts adjacency to the new Parkview Village development and benefits from existing stormwater infrastructure. Its prime location within Hancock County's burgeoning west side, within the Mt. Comfort Corridor, ensures high visibility and accessibility. The property's proximity to Indianapolis offers easy access to the city's economic opportunities, cultural attractions, and transportation networks, while its convenient location near Interstates 70 and 465 provides excellent connectivity for businesses and residents. This presents a rare chance to capitalize on the growth and development trends of both Cumberland and the greater Indianapolis metro area. The property is zoned PUD (Planned Unit Development) and has an APN of 30-09-01-600-004.000-024. The asking price is $1,881,000. Don't miss this chance to secure a prominent position in a thriving community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.