7002 Madison AveHomecroft, IN 46227

  • Commercial land
  • 624 SF

Property Details for 7002 Madison Ave

Year built
1984
Construction
BRICK
Lot size
0.45 AC
Property size (Sq ft)
624 SF
Zone code
ZO01
Property type
Commercial land
APN
49-15-18-129-014.000-500
APU
491518129014000500

Description

This exceptional 1-acre commercial land parcel, located at 7002 S. Madison Ave in Indianapolis, Indiana, presents a unique opportunity for development. Situated in Marion County, zip code 46227, this single-tenant property boasts a generous 43,560 square feet of land. The site offers ample parking, making it highly attractive for a variety of commercial uses. The property is designated as commercial land and is currently available for lease. Its convenient location in the Homecroft area provides excellent access to major transportation routes and a thriving local community. The flat, buildable lot is ready for immediate development, eliminating the need for extensive site preparation. This is an exceptional opportunity to acquire a strategically located parcel in a growing market. The property's size and ample parking make it suitable for a wide range of commercial ventures, from retail establishments to light industrial uses. With its prime location and significant land area, this property offers substantial potential for long-term growth and return on investment. Interested parties are encouraged to explore the possibilities this exceptional site presents. The property is zoned for commercial use (zoning information should be independently verified).

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $92,669
    Hospitality
    $84,884
    Educational
    $70,622
    Medical
    $73,051
    Retail
    $109,857

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.6646
Longitude
-86.1273
CBSA code
26900
CBSA name
INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,688
$60,400
-
$60,400
-
$60,400
-
$60,400

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