Property profile

700 South St Indianapolis, IN 46140

OFF-MARKET
Land
25.08 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 25.08 ac (1,092,485 SF)

Cap rate & NOI

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

Location

700 South St Indianapolis, IN 46140
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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