5855 38Th St Indianapolis, IN 46218
- Mixed-use properties
- 3.26 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 5855 38Th St
- Lot size
- 3.26 lot acres
- Property type
- Mixed-use properties
Description
This exceptional redevelopment opportunity encompasses three parcels totaling approximately 3.26 acres of commercially zoned land. Strategically situated on the south side of East 38th Street, just west of Arlington Avenue in Indianapolis, Indiana, this property presents a unique chance to capitalize on a rapidly growing area. The site benefits from its prime location within the Lift Indy initiative, a significant $3.5 million city-led investment designed to revitalize the surrounding neighborhood. This initiative, announced by the Mayor last year, underscores the city's commitment to the area's future development and growth. The property's substantial size and strategic placement offer considerable flexibility for a variety of mixed-use projects, catering to the evolving needs of the community. The address is 5855 E 38th St, Indianapolis, IN 46218, within Marion County. The asking price for this significant development opportunity is $950,000. This is a rare chance to acquire a substantial land holding in a rapidly improving area poised for significant future growth. The property's location within the Lift Indy initiative provides a strong foundation for a successful investment.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.0678
- Latitude
- 39.8239
