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Property profile

4952 Kentucky Ave Indianapolis, IN 46221

FOR SALE
Office Spaces
Property ID
US31-3514566
2,468 SF 12 ac lot
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 4952 Kentucky Avenue in Indianapolis, Indiana, presents a unique investment opportunity. The 2,468 square foot building sits on a sizable 12-acre lot, offering significant potential for commercial or retail development. Currently vacant, this property allows for complete customization to suit your business needs. The C-3 zoning permits a wide range of uses. The property boasts excellent visibility from Kentucky Avenue, providing high traffic exposure. While the front portion of the land is under separate contract, the remaining 7.8 acres, accessible from Valley Mills Road, are included in this offering. This substantial acreage provides ample space for expansion or future development. The asking price for this property is $550,000, translating to $222.85 per square foot. The property includes a main building of 2,468 square feet and several smaller outbuildings. Its convenient location offers easy access to I-465, enhancing its appeal and accessibility. This is an ideal opportunity for an investor or business owner seeking a prominent location in a rapidly growing area of Indianapolis. The property is zoned C-3, allowing for a variety of commercial uses.

Property profile

Verified
Property type Office Spaces
Total area 2,468 SF
Lot 12 ac (522,720 SF)
UPID US31-3514566

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4952 Kentucky Ave Indianapolis, IN 46221
Indianapolis metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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