868 N Raceway Rd - Apartments FOR SALE


Indianapolis, IN 46234
$1,800,000 USD
317-607-0884
868 N Raceway Rd, Indianapolis, IN for Sale
$1,800,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

868 N Raceway Rd
Indianapolis, IN 46234


HIGHLIGHTS

  • Business or land development opportunities.
  • Flexible property uses.
  • 9-Acre property full of potential

OVERVIEW

Unlock the potential of this 9-acre property, perfectly suited for home-based businesses, business or land development opportunities. Located with an Indianapolis address and Avon schools, this versatile estate offers a prime combination of location, space, and functionality to support your entrepreneurial ambitions or future development. The farmhouse itself is designed to impress, featuring a car-siding dramatic sunroom, a great room with soaring 22-foot ceilings and a custom fireplace, and a spacious dining area perfect for meetings or hosting events. A fully finished basement with a second kitchen further enhances the property’s potential for entertainment or accommodations. This property includes a separate parcel with a three-bedroom rental house on the corner, generating month-to-month income. The main house with 3665 sf includes a large fenced backyard, pool, and gazebo that could be used for company gatherings or recreational amenities. With home-based business uses already allowed and ample space for additional development, this property is an ideal canvas for your vision. Don’t miss this exceptional opportunity to combine business and lifestyle in one versatile location.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$350 USD /SF

# OF UNITS

-

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.04 AC

LAND SF

393,782 SF

ZONING

RA

APN/PARCEL ID

32-09-05-200-015.000-022,32-09-05-200-016.000-022,32-09-05-200-017.000-022

ASK ABOUT THIS PROPERTY

Sharon ThompsonKW Commercial IndianaMore Info
317-607-0884

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Sharon ThompsonKW Commercial IndianaMore Info
317-607-0884

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.