9407 Indianapolis Blvd Highland, IN 46322-2614
This exceptional 1.5-acre commercial property presents a unique investment opportunity in a high-traffic location. Situated at the signalized intersection of Indianapolis Boulevard and Hart Road, this B-3 zoned lot boasts over 35,000 vehicles passing daily. The property features 200 feet of frontage on US Highway 41 (a four-lane primary artery) and an additional 288 feet of frontage on Hart Road, ensuring excellent visibility and accessibility. Existing structures include a 2200 square foot, two-story brick building, currently configured as accessible sales offices, and a separate 3000 square foot building suitable for shop and storage space. The seller estimates ample parking for approximately 120 vehicles. This prime location is less than two miles from the I-80/94 interchange, providing easy access to major transportation routes. The property benefits from a strong surrounding retail environment, including national brands such as AutoZone, McDonald's, Goodyear, O'Reilly Auto Parts, and Walgreens, as well as numerous new car dealerships representing Chevrolet, Chrysler, Ford, Honda, Hyundai, Toyota, and Volkswagen. The area within a five-mile radius has a substantial population exceeding 216,000 residents and over 83,000 households, providing a large potential customer base. This property offers significant potential for a variety of retail uses.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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
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.