7040 Franklin Rd Indianapolis, IN 46259
- Commercial real estate
- 5.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 7040 Franklin Rd
- Lot size
- 5.00 lot acres
- Property type
- Commercial real estate
- APN
- 49-16-18-121-004.000-300
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.018535339618
- Latitude
- 39.664655032365
