For Sale
$3,720,000

36 & Mt Comfort RdMcCordsville, IN 46055

40 Acres Mixed-Use Development Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 40-acre parcel in McCordsville, Indiana, presents a prime opportunity for a mixed-use development. Boasting 1800 feet of frontage on US-36, the property offers unparalleled visibility and accessibility. The site is envisioned as a new McCordsville Town Center, incorporating outparcels, retail and restaurant spaces, mixed-use buildings, and townhomes. Its strategic location in Hancock County, bordering Hamilton and Marion Counties, provides convenient access to major interstates via US-36, with multiple access points connecting I-70 and I-69. The area demonstrates robust growth, with at least 446 new homes planned in nearby neighborhoods, adding to the existing 156,115 households within a 10-mile radius, boasting an average household income of $98,667. Nearby amenities include a Meijer, Hancock Regional Medical Center, and various other retail establishments. This property is ideally situated within the Indianapolis MSA, benefiting from a strong economy and a thriving job market, fueled by major employers such as Hancock Health, Elanco, and others. The asking price is $3,720,000, representing a land value of $93,000 per acre. This is a rare chance to capitalize on the explosive growth in this dynamic area. The property is zoned for commercial and residential use.

Highlights

  • 40± acres of commercial development land with 1800' of US-36 frontage, providing excellent visibility and access.
  • 40± acres for a new McCordsville Town Center mixed-use development, including outparcels, retail/restaurant, mixed-use buildings, and townhomes.
  • Strong demographics: 156,115 households within 10 miles, averaging $98,667 household income.
  • High-growth area: McCordsville's residential growth includes at least 446 new homes planned (Colonnade and Hampton Walk), with more anticipated.
  • Prime Hancock County location, bordering rapidly growing Hamilton and Marion Counties, with easy US-36 access to interstate systems.
  • Excellent connectivity: Multiple access points with E/W and N/S connectors from I-70 (5 miles south) to I-69 (6 miles north), and proximity to Marion County.

Property Details for 36 & Mt Comfort Rd

Property type
Land
Square Feet
1 SF
Lot Size (sq. ft)
1,742,400 SF

Location Insight

City
McCordsville
County
Hancock
State
Indiana
Latitude
39.8484014
Longitude
-85.9153103
36 & Mt Comfort Rd, McCordsville, Indiana

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36 & Mt Comfort Rd
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