Financial
Distress signals
Property profile

311 Shelby St Indianapolis, IN 46202

OFF-MARKET
Commercial real estate
Property ID
US31-0485777
6,714 SF 19.75 ac lot Built 1974
Last sale May 2022
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 19+ acre industrial property presents a rare opportunity in a prime I-4 zoned location. The site features two existing buildings totaling over 11,000 square feet, offering versatile space for various industrial uses. Building #1 comprises approximately 6,800 square feet, combining office and warehouse space, while Building #2 provides approximately 4,500 square feet of shop space. Both buildings are single-story structures with ceiling heights ranging from 15 to 18 feet. The

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$51k
Tax billed · 2023
Assessed value$1.84M
Assessed land$1.37M
Assessed improvement$474k
Effective rate2.77%

Value estimate

· Sep 2026
$690k
$621k – $759k
Submarket $/SF estimate$803k

Realmo valuation models over county records and 6 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 comparables6

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: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop10.4
Pharmacy9.7
Electrical Service9.7

Location

311 Shelby St Indianapolis, IN 46202-4026
County assessor Recorded deeds · 2 transfers 6 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
1631 Montcalm, Indianapolis, IN 46202-2134 $10,342 Sep 2024 1,129 SF
970 Ft Wayne, Indianapolis, IN 46202-4328 $219,000 Feb 2024 2,823 SF
1311 9th, Indianapolis, IN 46202-3530 $113,000 Jan 2023 960 SF
1818 16th, Indianapolis, IN 46202-2033 $575,000 Sep 2021 4,800 SF
1203 Saint Clair, Indianapolis, IN 46202-3590 $3,150,000 Jan 2020 57,477 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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