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33518752
33518753

7444 Pendleton Pike, Indianapolis, IN 46226

MM
CA CA 02117365
Century Partners RE
MK
CA CA 01995909
Century Partners RE
JB
CA CA 01984719
Century Partners RE
Listed by Century Partners RE
$700,000
2 days on market
Updated 2 days ago
Opportunity zone

Hard-Corner Development Opportunity with Commercial Zoning

Details
Property Type Retail, Multifamily (+1)
Sub Type Residential, Commercial (+1)
Tenancy Vacant
Acreage 0.770
Zoning C4 Commercial
Investment Type Value Add

Retail

Marketing description

Indianapolis, Indiana is the state's capital and most populous city, serving as a major economic and cultural hub within the state. The city and its surrounding metropolitan area form a significant commercial center with a diverse economy. Key industries include healthcare, life sciences, manufacturing, logistics, and finance. Indianapolis is home to major employers such as Eli Lilly and Company (a global pharmaceutical company), Anthem, Inc. (a health insurance provider), and various large hospital networks.

The city also benefits from its strategic location as a transportation crossroads, with significant interstate highway access and a large FedEx hub, contributing to its strength in logistics. Beyond its economic drivers, Indianapolis offers a growing downtown area with cultural attractions, including museums, sports venues (home of the Indianapolis Colts and the Indianapolis 500), and a developing culinary scene. The city boasts a moderate cost of living compared to many major metropolitan areas, and it is focused on continued growth and diversification of its economy.

Investment highlights

  • Direct frontage to Pendleton Pike (30,000 VPD), primary retail corridor in the area.
  • Immediate Value Add Opportunity on Desirable Hard Corner
  • Commercial zoning allows for a variety of uses, ideal for QSR, Gas Station, Car Wash, or other retail development.
  • Located directly off I-465 exit ramp.
  • Across the freeway from Menard's, the dominant home improvement retailer for the region
  • High traffic volume from Pendleton Pike and immediate proximity to I-465.
  • 30,000 VPD on Pendleton Pike (main thoroughfare)
  • I-465 averages 162,000+ vehicles per day (VPD) during peak times (Source: INDOT traffic data)
  • Densely populated submarket with a population of 222,000+ in the 5-mile radius

Listing Contacts

MM
CA CA 02117365
Century Partners RE
MK
CA CA 01995909
Century Partners RE
JB
CA CA 01984719
Century Partners RE
Listed by Century Partners RE

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Additional Information

Name
Scott Reid
License
RB19001284
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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