4105 96Th StIndianapolis, IN 46240

Property Details for 4105 96Th St

Year built

1989

Construction

TYPE NOT SPECIFIED

Lot size

9.33 AC

Property size (Sq ft)

44,728 SF

Zone code

ZO01

Property type

Retail properties

Property subtype

Auto shops

APN

49-03-18-104-005.000-600

APU

490318104005000600

Description

This exceptional commercial property, located in the thriving 96th Street Commerce Park, offers a unique opportunity for investors and developers. The site encompasses a total of approximately 4.03 acres of land, strategically divided into two outlots. Outlot 1 comprises roughly 1.23 acres, while Outlot 2 offers approximately 2.80 acres. This versatile land is zoned CS, allowing for a variety of uses including retail, medical facilities, office spaces, and showrooms. Its prime location provides excellent visibility and accessibility, situated on 96th Street, a major east-west thoroughfare. The property benefits from convenient access to key transportation arteries, including the I-465/Keystone interchange and the I-465/Allisonville Road interchange, ensuring seamless connectivity for customers and employees. This strategic location places the property at the border of Indianapolis and Carmel, two rapidly growing communities experiencing significant economic expansion. All utilities are readily available at the outlots, simplifying the development process. The property is available for sale, build-to-suit projects, or lease options, providing flexibility to suit diverse business needs. This presents a rare opportunity to establish a presence in a high-demand area with exceptional growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $8,546,117

  6.5%

  $7,888,724

  7%

  $7,325,243

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,619,755

  Geo Method

  $10,619,755

• Alternative Use

  Use

  Valuation

  Residential

  $6,654,434

  Hospitality

  $6,095,425

  Educational

  $5,071,322

  Medical

  $5,245,733

  Retail

  $7,888,724

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.9252

Longitude

-86.2307

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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