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Property profile & analytics
OFF-MARKET
Commercial real estate

7040 Franklin Rd Indianapolis, IN 46259

5 ac lot
Property ID
US31-3557159
Property summary
AI-generated overview

This exceptional 5-acre commercial land parcel, located at 7040 S Franklin Rd, Indianapolis, IN 46259, presents a remarkable investment opportunity in Marion County's thriving Franklin Township. Zoned DA, this property offers significant potential for diverse commercial development, including but not limited to senior housing, retail spaces, multi-family units, or medical offices. The asking price is $1,250,000, translating to $250,000 per acre. Its strategic location south of a recently constructed Kroger development and near other retail establishments ensures high visibility and accessibility. The surrounding area is experiencing rapid residential growth, with new single-family homes and apartment complexes under construction, creating a vibrant and expanding community. While rezoning may be required, the property's prime location and the area's dynamic growth trajectory make it an attractive proposition for developers seeking to capitalize on the burgeoning commercial market in this rapidly developing area. The APN is 49-16-18-121-004.000-300. All information is deemed reliable but not guaranteed; buyers are urged to conduct independent due diligence.

Property profile
Verified
Property type Commercial real estate
Lot 5 ac (217,800 SF)
APN 49-16-18-121-004.000-300
UPID US31-3557159
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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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