13562 116Th St Fishers, IN 46037
This prime redevelopment opportunity presents a unique investment prospect in the thriving city of Fishers, Indiana. Located at 13562 E 116th St, this 1,200 square foot property sits on a sizable 0.88-acre lot, offering significant potential for reconfiguration and expansion. Currently vacant, the property consists of two, single-story buildings constructed in 1955. The existing structure is classified as Class C and zoned PUD-C, allowing for a wide range of commercial uses, including medical office, storefront retail, and traditional office spaces. The property's location in a high-traffic area of Fishers ensures excellent visibility and accessibility. The Fishers Board of Zoning Appeals is actively supportive of redevelopment projects, streamlining the approval process. This makes this 0.88-acre site an exceptional investment for developers seeking a flexible and well-located property in one of Indiana's fastest-growing communities. The asking price is $800,000. The property's APN is 13-11-35-00-00-039.000. This is a truly exceptional opportunity to capitalize on the dynamic growth of Fishers, Indiana. The existing zoning and the supportive local government make this a low-risk, high-reward investment. The property's size and location provide ample room for creative redevelopment, catering to a variety of commercial uses.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.