5641 E 86Th St Indianapolis, IN 46250
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
ZO01 · Indianapolis, INIndianapolis. Always verify with local authorities before improvements.
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.