980 Shadeland Ave Indianapolis, IN 46219
For Lease
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This exceptional 0.93-acre commercial land parcel presents a rare investment opportunity. Situated on a high-visibility corner lot at a signalized intersection within a densely populated and established commercial area, this property offers unparalleled exposure. Its C4 zoning allows for a wide range of commercial development possibilities. Adding to its appeal is the presence of an existing Marathon gas station, which boasts a clean environmental record, having received a No Further Action (NFA) status. This signifies the absence of any significant environmental concerns, streamlining the development process and minimizing potential liabilities. The strategic location, combined with the favorable zoning and the clean environmental history of the existing structure, makes this property an attractive proposition for developers and investors seeking a prime location for a new commercial venture. The high traffic count at the signalized intersection ensures maximum visibility and accessibility, making it an ideal site for businesses seeking high foot traffic and convenient access for customers. This is a truly unique opportunity to acquire a highly desirable commercial property in a thriving area.
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Marathon Gas Grocery & Convenience Store
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ATM (PNC Bank) Atm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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.