311 Shelby St Indianapolis, IN 46202-4026
Property profile & analytics
311 Shelby St Indianapolis, IN 46202-4026
- Commercial real estate
- 6,714 SF
- 19.75 lot acres
Property ID
US31-0485777
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Clean Pro Gutter Cleaning / Hardware & Home Improvement / General Contractor
- Superior Construction Indianapolis / Construction Company
Property Details for 311 Shelby St
- Year built
- 1974
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 19.75 lot acres
- Property size
- 6,714 SF
- Zone code
- ZO01
- Property type
- Commercial real estate
- APN
- 49-10-07-186-001.000-101
- APU
- 491007186001000101
Description
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 property boasts four drive-in doors for convenient loading and unloading, and is equipped with 3-phase power. No elevators are present. The property is divisible, offering flexible leasing options. A 3.5-acre parcel or a 5.5-acre parcel (both fenced) are available for lease at $3,000 per acre per month, NNN. Alternatively, the entire rear 10 acres, encompassing both industrial buildings, can be leased for $50,000 per month, NNN. The landlord is open to negotiating building improvements on a case-by-case basis. This is an ideal location for businesses seeking substantial space and convenient access in a heavily industrially zoned area. The property is classified as Class D.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $802,000
Market price range: $200k - $803k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $505,000 Current use
- AUTO REPAIR, GARAGE
- $535,000 Change: +6% Conversion: Difficult
- RETAIL STORES
- $500,000 Change: -0% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $420,000 Change: -17% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.1364
- Latitude
- 39.7615
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$51,071
$1,367,600
$473,600
$1,841,200
-
$1,367,600
$473,600
$1,841,200
