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Property profile & analytics
FOR SALE
Community centers

5641 E 86Th St Indianapolis, IN 46250

0.28 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US31-3239110
Property summary
AI-generated overview

This 0.28-acre commercial land parcel is located at 5641 E. 86th St., Indianapolis, IN 46250 (APN: 49-02-21-120-020.000-800), in a high-traffic retail and restaurant corridor. The property boasts excellent visibility and accessibility, fronting 86th Street with ample parking. Its strategic location provides easy access from I-465 and proximity to affluent Indianapolis suburbs including Carmel, Fishers, and Noblesville, ensuring a consistent flow of daytime traffic and population throughout the week and weekends. The area is densely populated with retail and entertainment options, including well-established restaurants such as On The Border, Outback Steakhouse, Buca di Beppo, The Melting Pot, Buffalo Wild Wings, Ale Emporium, and Sapporo Japanese Steakhouse. The permitted zoning is GB. This site presents a significant opportunity for various commercial developments, and a ground lease is also a possibility. The property's prime location and high traffic volume make it an ideal investment for businesses seeking strong visibility and access to a substantial customer base. This exceptional location offers a rare opportunity to establish a thriving commercial venture in a thriving area.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Lot 0.28 ac (12,197 SF)
Zoning code ZO01
APN 49-02-21-120-020.000-800
UPID US31-3239110
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
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Owner & transaction history
AMR PLAZA OUTPARCEL LLC
AMR PLAZA OUTPARCEL LLC
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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