1455 Oak StZionsville, IN 46077

Property Details for 1455 Oak St

Year built

1990

Construction

WOOD

Lot size

2.33 AC

Property size (Sq ft)

11,072 SF

Zone code

ZO01

Property type

Office properties

Property subtype

Other office properties

APN

06-04-03-000-021.001-006

APU

60403000021001006

Description

This exceptional commercial land opportunity presents a highly desirable 0.6-acre outlot in Zionsville, Indiana, ideally situated on Oak Street, a main thoroughfare. The property offers significant potential for the development of a 2,000-3,000 square foot building, perfect for a variety of uses including a service station, bank, medical clinic, or coffee shop. The seller is also open to offers for up to 2.33 acres, encompassing the outlot and an adjacent lot featuring a 10,362 square foot multi-tenant office building. Alternatively, a land lease arrangement may be considered. This prime location boasts high visibility and easy access to major roads, ensuring convenient commutes and strong customer traffic. The surrounding area offers a blend of small-town charm and modern amenities, with nearby attractions including the Zionsville Rail Trail and Eagle Creek Park. Zionsville's historic Main Street, just minutes away, provides access to unique shops, art galleries, and local restaurants. The property's proximity to the Oak Street and Ford Road intersection further enhances its accessibility and visibility. This presents a strong investment opportunity with potential for significant returns, given the desirable location and robust demographics of the area. The price is negotiable. This is an excellent opportunity for retail-pad development or other commercial ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $1,438,412

  6.5%

  $1,327,765

  7%

  $1,232,925

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,042,255

  Geo Method

  $1,042,255

• Alternative Use

  Use

  Valuation

  Residential

  $1,646,429

  Hospitality

  $1,508,120

  Educational

  $1,254,738

  Medical

  $1,297,890

  Retail

  $1,951,815

Location Insight

City

Zionsville

County

Boone

State

Indiana

Latitude

39.9495

Longitude

-86.2802

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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