3721 Sutherland AveIndianapolis, IN 46218

  • Other commercial real estate
  • 5,250 SF
For Sale

Property Details for 3721 Sutherland Ave

Year built
1946
Construction
METAL FRAME
Lot size
1.24 AC
Property size (Sq ft)
5,250 SF
Zone code
ZO01
Property type
Other commercial real estate
APN
49-07-19-109-004.000-101
APU
490719109004000101

Description

This exceptional 2-acre land parcel presents a unique investment opportunity in Indianapolis, Indiana. Located at 3721 Sutherland Avenue, in Marion County (zip code 46218), this property is ideally situated within a thriving portfolio of five buildings, primarily housing research and development (R&D) organizations. These organizations maintain close ties with the Crane Naval Station, the largest single-site employer in Southern Indiana, creating a robust and stable economic environment. The site offers flexibility for various development scenarios, including build-to-suit projects, ground leases, or joint ventures. Its strategic location provides easy access to a highly skilled workforce and a supportive ecosystem for innovation. The property's zoning allows for both commercial and residential development, offering diverse possibilities for investors. The area is experiencing significant growth, with numerous new tenants and developments underway, further enhancing the long-term value proposition. This location boasts excellent accessibility, being approximately 90 minutes south of Indianapolis, 75 minutes north of Evansville, and 30 minutes south of Bloomington, Indiana. This prime location, coupled with the surrounding R&D community, including Purdue University affiliated entities, makes this a compelling opportunity for businesses seeking to establish a presence in a dynamic and strategically important region. The property is ready for immediate development, offering a rare chance to capitalize on the burgeoning growth in this area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $781,486
    Hospitality
    $715,837
    Educational
    $595,568
    Medical
    $616,051
    Retail
    $926,439
3721 Sutherland Ave, Indianapolis, Indiana

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.8238
Longitude
-86.1304
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
$5,667
$59,500
$144,800
$204,300
-
$59,500
$144,800
$204,300

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