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Property profile & analytics
OFF-MARKET
Commercial real estate

1770 266th St Arcadia, IN 46030-9663

1,320 SF 1.14 ac lot Built 1968
Individually Owned 21-yr Hold Absentee Owner Free & Clear
Property ID
US31-3511959
Property summary
AI-generated overview

This exceptional property presents a unique opportunity for commercial and residential development. Located in Arcadia, Indiana, at 1770 E 266th St, this land parcel boasts a highly desirable location on the north side of Indianapolis, within a newly opened targeted development area. The property features convenient corridor frontage and readily available utilities, significantly reducing infrastructure costs. The zoning is designated as Agricultural (Ag), offering flexibility for a variety of development plans. The total acreage available is up to 100 acres, with the seller willing to divide the land to accommodate various project sizes. This prime location offers excellent visibility and is situated in a rapidly growing area, making it an ideal investment for developers seeking high-impact projects. The APN is 29-01-13-000-014.000-001. This Hamilton County property presents a rare chance to capitalize on the burgeoning growth in this strategic area of Indiana. The property's size and location make it suitable for a wide range of commercial and residential uses. Don't miss this chance to secure a piece of this thriving market. Contact us today to learn more about this exceptional development opportunity.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1968
Construction WOOD
Total area 1,320 SF
Lot 1.14 ac (49,658 SF)
APN 29-02-19-000-001.001-008
UPID US31-3511959
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Kasi Cafe Restaurant
  • Indiana Golf Car Repair Service Golf Cart Dealer
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Markus E Patterson · 21 yrs held
Markus E Patterson
since 2004
Last sale
$394,000
1 recorded transaction
2004
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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