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Financial
Distress signals
Property profile

216 Pkwy Ave Indianapolis, IN 46225

OFF-MARKET
Commercial real estate
Property ID
US31-0712601
12,504 SF 0.35 ac lot Built 1912
Last sale Nov 2015
Individually Owned Owner of record is an individual. 10-yr Hold Held for 10 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This stunning 12,500 square foot mixed-use property at 216 Parkway Avenue in Indianapolis, Indiana, presents a unique investment opportunity. Built in 1912, this charming building currently operates as a church but offers immense versatility. Its spacious layout is ideal for a variety of uses, including a wedding venue, office space, or even a daycare center. The property's substantial size allows for ample room for large gatherings. The asking price is $1,500,000, translating to $120 per…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$359k
Assessed land$68k
Assessed improvement$291k

Value estimate

· Oct 2026
$280k
$252k – $308k
AI approach$280k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$75/SF
Submarket average, outlier-cleaned · 181 recorded sales of this use type
Observed band · Q1–Q3$30 – $120
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
ZO01
JurisdictionMARION

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service11.3
Pharmacy9.9
Tailor Shop9.9

Location

216 Pkwy Ave Indianapolis, IN 46225-2508
County assessor Recorded deeds · 1 transfer 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2719 Madison, Indianapolis, IN 46225 $450,000 Jul 2023 No data
117 Meridian, Indianapolis, IN 46225 $590,000 Dec 2020 3,000 SF
1422 Talbott, Indianapolis, IN 46225-1644 $350,000 Sep 2020 5,925 SF
850 Meridian, Indianapolis, IN 46225-1335 $200,000 Jun 2020 1,891 SF
2702 Meridian, Indianapolis, IN 46225-2315 $150,000 Feb 2019 6,461 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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