8956 600McCordsville, IN 46055

Property Details for 8956 600

Year built

2021

Construction

TYPE NOT SPECIFIED

Lot size

2.85 AC

Property size (Sq ft)

7,204 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

30-01-23-400-030.004-018

APU

300123400030004018

Description

This exceptional commercial real estate offering presents a unique investment opportunity in the thriving McCordsville, Indiana market. Currently, a retail building is under construction, with plans for a second building in the near future. The property encompasses 5.7 acres of land, with a 1.2-acre outlot currently available for lease or build-to-suit development. This strategically located site boasts excellent visibility and accessibility from Olio Road, placing it in close proximity to the recently opened New Leo's Market & Eatery. The property's location serves the affluent communities of McCordsville, Fortville, and Geist, an underserved market with high income potential. The existing building offers one available retail space, making it ideal for a variety of businesses seeking a high-traffic location. The potential for future development, combined with the current construction and prime location, makes this a compelling opportunity for investors and businesses alike. The property is zoned for commercial use and offers significant potential for growth and return on investment within a rapidly expanding area. The 1.2-acre outlot provides flexibility for businesses seeking to build their own custom space, tailored to their specific needs. This is a rare chance to secure a prominent position in a burgeoning retail corridor.

• CAP approach

  CAP return

  Valuation

  6%

  $1,320,073

  6.5%

  $1,218,529

  7%

  $1,131,491

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,254,555

  Geo Method

  $2,254,555

• Alternative Use

  Use

  Valuation

  Residential

  $1,027,875

  Hospitality

  $941,528

  Educational

  $783,340

  Medical

  $810,280

  Retail

  $1,218,529

Location Insight

City

Mccordsville

County

Hancock

State

Indiana

Latitude

39.9126

Longitude

-85.9199

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].