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

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%

  $1,025,800

  6.5%

  $946,893

  7%

  $879,258

• Comparable approach

  Method

  Valuation

  Relative Method

  $930,451

  Geo Method

  $930,451

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,844,660

  Mixed-Use / Specialty

  $944,275

  Hospitality / Lodging

  $693,772

  Office

  $939,455

  Institutional / Educational

  $981,937

  Residential Income

  $1,148,870

  Multifamily

  $1,373,680

  Automotive / Energy

  $841,660

  Parking / Income-Based Land

  $289,698

  Restaurant / Food Service

  $492,743

  Healthcare / Senior Housing

  $967,559

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

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