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Property profile & analytics
FOR SALE
Retail space

6437 W Broadway McCordsville, IN 46055

686 SF 1.04 ac lot Built 1954
Individually Owned 20-yr Hold Absentee Owner Free & Clear
Property ID
US31-1046576
Property summary
AI-generated overview

This exceptional 1.224-acre commercial land parcel presents a remarkable investment opportunity in the thriving McCordsville, Indiana market. Located on West Broadway (US67), this fee-simple property boasts convenient access to major thoroughfares, ensuring high visibility and accessibility for any commercial venture. The property is zoned for Old Town development, offering a range of potential uses. Existing infrastructure is a significant advantage, with sewer and water services readily available on-site. This eliminates the considerable expense and time delays often associated with new infrastructure development, allowing for a faster and more cost-effective project launch. The property's 1.224-acre size provides ample space for a variety of commercial developments, from retail spaces to light industrial facilities. Furthermore, the possibility of acquiring additional adjacent land presents an opportunity for expansion or development of a larger-scale project. The property's APN is 30-01-26-100-012.000-018. This prime location in Hancock County, Indiana, with a 46055 zip code, offers a strategic advantage for businesses seeking to establish a presence in a growing community. The asking price is $850,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1954
Total area 686 SF
Lot 1.04 ac (45,433 SF)
APN 30-01-26-100-012.000-018
UPID US31-1046576
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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Blend (final) Blend
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Owner & transaction history
Sandra L Reed · 20 yrs held
Sandra L Reed
since 2005
1 recorded transaction
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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