36 & Mt Comfort Rd McCordsville, IN 46055

Property Details for 36 & Mt Comfort Rd

Lot size

40.00 lot acres

Property size

1 SF

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.