43.53 Acres in Indianapolis, IN - $2,600,000
FOR SALE ~ 43.53 Total Acres ~ Commercial and Residential ~ Development Opportunity ~ Great Interstate Visibility
Location: 5520 East Stop 11 Road, Indianapolis, IN
Close to St Francis South Hospital Campus
Located within Franklin Township in Indianapolis, at I-65 ad Stop 11 Road between Southport and County Line Roads. This area of the city is on the fastest growing areas of central Indiana over the last ten years.
Visibility: This property has outstanding visibility with approximately 1,250 feet of frontage along I-65, with traffic count of 80,000 per day (according to 2002 INDOT survey). In addition, the property has approximately 900 feet of frontage on Stop 11 Road.
Accessibility: The property is located 1.8 miles from the interchange of I-65 and Southport Road and 1.3 road miles from the interchange at I-65 and County Line Road.
Adjoining Property Uses:
Residential - Single...
Residential - Single family and Multi-family
Office - Medical and Professional
Light Industrial - Warehouse Distribution
Commercial - Retail
Services: This site is located in close proximity to the St Francis Hospital south campus, shopping, restaurants and banks.
Zoning: Currently zoned I-2 (light Industrial). Other uses such as office, medical office, and medium density residential may be acceptable uses for portions of the real estate. Any uses not allowed under the current I-2 zoning would require a zoning change
Utilities: All utilities, including sanitary sewer, water (Indianapolis Water Company), electric (Indianapolis Power and Light) and gas (Citizens Gas & Coke Utility) services are available to the site.
Sign Lease Income: Current sign rental lease annual income for two signs along I-65 is $25,500.
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