575 Northfield DrBrownsburg, IN 46112

Property Details for 575 Northfield Dr

Year built

2006

Construction

TYPE NOT SPECIFIED

Lot size

32.57 AC

Property size (Sq ft)

28,228 SF

Property type

Office properties

APN

32-07-03-226-001.000-026

APU

320703226001000026

Description

This exceptional 18-acre (14.3 net acres) commercial land parcel presents a unique investment opportunity in Brownsburg, Indiana. Located at 575 W Northfield Drive, this property boasts a highly desirable Institutional (IS) zoning designation, permitting the development of healthcare facilities, schools, or government buildings. The site benefits from exceptional visibility and accessibility, situated less than half a mile from the heavily trafficked intersection of N Green Street and I-74. With nearly 15,000 vehicles passing daily on W Northfield Drive, this location offers significant frontage and exposure for any development. The property's address is 575 W Northfield Dr, Brownsburg, IN 46112, within Hendricks County. Its coordinates are 39.859615 latitude and -86.402159 longitude. This substantial land holding provides ample space for a large-scale project, capitalizing on Brownsburg's thriving commercial sector and convenient access to major transportation arteries. The zoning and location combine to create a compelling opportunity for developers seeking a strategic site in a rapidly growing area. This is a rare chance to acquire a significant land parcel with exceptional potential in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,482,052

  6.5%

  $3,214,202

  7%

  $2,984,616

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,429,866

  Geo Method

  $2,429,866

• Alternative Use

  Use

  Valuation

  Residential

  $3,985,610

  Hospitality

  $3,650,798

  Educational

  $3,037,421

  Medical

  $3,141,882

  Retail

  $4,724,876

Location Insight

City

Brownsburg

County

Hendricks

State

Indiana

Latitude

39.859

Longitude

-86.4032

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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