Current Use by Public Records
- Land
Property Details for 36 & Mt Comfort Rd
- Lot size
- 40.00 lot acres
- Property type
- Land
Description
This exceptional 40-acre parcel in McCordsville, Indiana, presents a prime opportunity for a mixed-use development. Boasting 1800 feet of frontage on US-36, the property offers unparalleled visibility and accessibility. The site is envisioned as a new McCordsville Town Center, incorporating outparcels, retail and restaurant spaces, mixed-use buildings, and townhomes. Its strategic location in Hancock County, bordering Hamilton and Marion Counties, provides convenient access to major interstates via US-36, with multiple access points connecting I-70 and I-69. The area demonstrates robust growth, with at least 446 new homes planned in nearby neighborhoods, adding to the existing 156,115 households within a 10-mile radius, boasting an average household income of $98,667. Nearby amenities include a Meijer, Hancock Regional Medical Center, and various other retail establishments. This property is ideally situated within the Indianapolis MSA, benefiting from a strong economy and a thriving job market, fueled by major employers such as Hancock Health, Elanco, and others. The asking price is $3,720,000, representing a land value of $93,000 per acre. This is a rare chance to capitalize on the explosive growth in this dynamic area. The property is zoned for commercial and residential use.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- McCordsville
- County
- Hancock
- State
- Indiana
- Longitude
- -85.9153
- Latitude
- 39.8484
