High Traffic, Improved C4 Lot with Unlimited Potential

Vacant Land for Sale
Sale Pending
Also listed as Office
Catylist Listing ID: 30703955
Property Subtypes: Agricultural, Hospitality, Office, Retail, Retail-Pad, Self Storage
Status: Pending
Gross Land Area: 9,801 SF
Sale Price: $90,000
Unit Price: $9.18 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/18/2021

Overview / Comments

Retail and consumers abound around this high traffic parcel that includes a brick house and detached garage, just 1 mile +/- south from I-465/Shadeland/56th Street interchange & blocks from Pendleton Pike/Mass Ave. With flexible C4 zoning and existing structures, there is enormous potential and opportunity to take advantage of this fantastic location, the existing structures or redevelop it into something else entirely. Adjacent to a gas station with retail & a large apartment complex, across from a school & church, directly across from a large retail plaza & Walgreens, and several other retail plazas just down the street, the possibilities are endless. Separate unimproved parcel on the other side of the gas station at Shadeland is available separately or in combination as well.

Additional Details

Nearest MSA: Indianapolis-Carmel-Anderson
County: Marion
Tax ID/APN: 4000059
Zoning: PRIMARY: C4, SECONDARY: D6
Property Located Between: I-465/Shadeland/56th Street interchange & Pendleton/Mass Ave
Property Visibility: Excellent
Largest Nearby Street: Shadeland
Feet of Frontage: 70
Highway Access: 1 mile +/- south from I-465/Shadeland/56th Street interchange
Lot Frontage: 70
Lot Depth: 140
Zoning Description: Per the attached zoning table from Indianapolis/Marion County: Animal Care, Boarding, Veterinarian Services, Artisan Food and Beverage, Automobile and Light Vehicle Wash, Automobile, Motorcycle, and Light, Vehicle Service or Repair, Bar or Tavern, Bed and Breakfast, Business, art, or other post-secondary proprietary school, Check Cashing or Validation Service, Club or Lodge, Community Center, Consumer Services or Repair of Consumer Goods, Day Care Center or Nursery School, Department Store, Eating Establishment or Food Preparation, Entertainment & Retail - Adult, Farmers’ Market, Financial and Insurance Services, Firearm Sales, Fireworks Sales - On-going, Garden as a Primary Use, Government, Greenway, Grocery Store, Hair and Body Care Salon or Service, Hospital, Hotel, Motel, or Hostel, Indoor Recreation & Entertainment, Indoor Spectator Venue, Information Technology R&D, Laundromats, Liquor Store, Logistics, Medical or Dental Laboratories, Medical or Dental Offices, Centers, or Clinics, Methadone Clinic or Treatment Facility, Mortuary, Funeral Home, Museum, Library, or Art Gallery, Night Club or Cabaret, Office: Business, Professional or Government, Outdoor Advertising Off-Premise Sign, Parking Garage, Commercial, Parking Lot, Commercial, Pawn Shop, Plasma (Blood) Center, Printing Services, Public Safety Facility or Post Office, Religious Uses, Retail, Heavy General, Retail, Light General, Schools: Elementary, Middle, or High Schools, Substance Abuse Treatment Facility, Vocational, technical or industrial school or training facility, Wireless Communications Facility.
Topography: Level
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,394 93,128 268,297
Median Age: 33.38 34.9 35.96
Households: 6,638 37,028 110,730
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