Property profile

9407 Indianapolis Blvd Highland, IN 46322

OFF-MARKET
Office Spaces
Property ID
US31-0736265
4,199 SF 1.5 ac lot Built 1941
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1941
Construction WOOD
Total area 4,199 SF
Lot 1.5 ac (65,340 SF)
APN 45-07-28-304-001.000-026
UPID US31-0736265

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership

Location

9407 Indianapolis Blvd Highland, IN 46322-2614
Highland metro Census 40501 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2025
3 recorded transactions
2025
Price N/A
2024
Price N/A
2009
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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