1455 Thompson RdIndianapolis, IN 46217

Property Details for 1455 Thompson Rd

Year built

1992

Lot size

0.55 AC

Property size (Sq ft)

19,120 SF

Property type

Parking lots & garages

APN

49-14-03-100-007.000-500

APU

491403100007000500

Description

This exceptional 0.55-acre commercial land parcel, located at 1455 Thompson Rd, Indianapolis, IN 46217 (APN: 49-14-03-100-006.000-500), presents a prime opportunity for quick-service restaurants (QSRs) or retail businesses seeking a build-to-suit or land lease arrangement. Situated at the highly visible I-69/I-465 interchange on Indianapolis' southwest side, this C4 zoned property benefits from exceptional daily traffic volume exceeding 70,000 vehicles. The location serves as a major commuter route and commercial thoroughfare for the southwest quadrant of the city and state, connecting to Bloomington and Evansville. This strategic position offers significant advantages, particularly given that QSR sales on the east side of SR 37 consistently surpass the DMA average by approximately 30%. The I-69 construction is complete, with the interchange opening in August 2024. Further enhancing the property's appeal is the inclusion of additional off-site parking located across the street, providing ample space for customers and employees. This is a rare opportunity to establish a business in a high-demand, high-visibility location with excellent access to major transportation arteries.

• CAP approach

  CAP return

  Valuation

  6%

  $3,644,422

  6.5%

  $3,364,082

  7%

  $3,123,790

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,520,006

  Geo Method

  $4,520,006

• Alternative Use

  Use

  Valuation

  Residential

  $2,837,729

  Hospitality

  $2,599,344

  Educational

  $2,162,624

  Medical

  $2,237,000

  Retail

  $3,364,082

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.6921

Longitude

-86.1855

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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