You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
New search
Property profile & analytics
FOR SALE
Commercial land

3650 N Mitthoefer Rd Indianapolis, IN 46235

2.26 ac lot
Entity Owned 6-yr Hold Free & Clear
Property ID
US31-2817846
3650 N Mitthoefer Rd, Indianapolis, IN 46235 For Sale
$339,000
3650 N Mitthoefer Rd, Indianapolis, IN 46235
View Listing →
Property summary
AI-generated overview

This exceptional 2.26-acre vacant commercial land parcel presents a remarkable investment opportunity in Indianapolis, Indiana. Located at 3650 N Mitthoefer Rd, in Marion County, zip code 46235, this property boasts a strategic location within a thriving retail corridor. The asking price is $339,000, translating to a land value of $3.44 per square foot. The site benefits from a high concentration of residents and employees within a short radius. Over 5,900 people live within one mile, and more than 32,900 reside within three miles. Furthermore, the area boasts a robust daytime workforce, with over 26,400 employees within a three-mile radius. This strong demographic profile is further enhanced by a projected 1.13% population growth within a one-mile radius over the next five years. The property's immediate surroundings include several national retailers, such as Walmart, Goodwill, Starbucks, and McDonald's, ensuring high visibility and accessibility. This prime location offers significant potential for various commercial developments, making it an ideal investment for discerning buyers seeking a high-growth area with established infrastructure and strong consumer demand. The property is ready for immediate development.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 2.26 ac (98,446 SF)
Zoning code ZO01
APN 49-08-20-113-002.001-701
UPID US31-2817846
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
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
Nexgen Capital Investments LLC · 6 yrs held
Nexgen Capital Investments LLC
since 2019
2 recorded transactions
2019
$6,501
2019
$5,000
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
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
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message