Realmo Analytics

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Financial
Distress signals
Property profile

2402 Lake Circle Dr Indianapolis, IN 46268

FOR LEASE
Strip malls
Property ID
US31-1226460
43,604 SF 11.06 ac lot Built 1987
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Willow Lake East, located at 2402 Lake Cir Dr, Indianapolis, IN 46268, presents a prime retail or restaurant opportunity in a thriving strip center. This property boasts a total of 85,923 square feet, offering three available suites with flexible space options. Individual suites range from a minimum of 3,244 square feet to a maximum contiguous space of 4,456 square feet, providing versatility for various business needs. Currently, 11,691 square feet are vacant, presenting a significant…

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 · 2023

What does the county charge?
$62k
Tax billed · 2023
Assessed value$4.13M
Assessed land$1.32M
Assessed improvement$2.81M
Effective rate1.49%

Value estimate

· Oct 2026
$810k
$729k – $891k
AI approach$490k
Submarket $/SF estimate$1.12M

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency14.7
Building Supply10.5
Wholesale Shop10.1

Location

2402 Lake Circle Dr Indianapolis, IN 46268
County assessor Recorded deeds · not on file Qualifying comp sales · not on file 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

1 recorded sale · 15 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
8601 Michigan, Indianapolis, IN 46268-1122 $2,850,000 Aug 2020 10,224 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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