Property profile

1422 Astor St Indianapolis, IN 46222

OFF-MARKET
Dormitories
Property ID
US31-1268258
3.2 ac lot
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Property summary

AI-generated overview

This exceptional 3.2-acre site in Indianapolis, IN, presents a remarkable redevelopment opportunity. Located at 1422 Astor Street, near the White River Parkway, it boasts spectacular views of downtown Indianapolis and the White River. Its strategic location across from IUPUI campus, Eskenazi Hospital, and Riley Children's Hospital, and blocks from the Indianapolis Zoo and White River Gardens, ensures high demand. The property, designated APN 49-11-03-173-004.000-101, is zoned for multi-family development, making it ideal for student housing or a hotel. The site's proximity to public transportation, shopping, and entertainment venues, coupled with ongoing city infrastructure improvements and revitalization efforts, promises strong returns. This mixed-use property presents a unique chance to capitalize on Indianapolis's thriving real estate market and contribute to its continued growth. The substantial lot size allows for significant development potential, catering to the increasing need for modern housing in this vibrant area. This is a truly exceptional investment opportunity in a rapidly developing part of the city. All information is deemed reliable but not guaranteed.

Property profile

Verified
Property type Dormitories
Lot 3.2 ac (139,392 SF)
UPID US31-1268258

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Park

Location

1422 Astor St Indianapolis, IN 46222
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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