4952 Kentucky Ave Indianapolis, IN 46221
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.