7085 N County Road 900 E
Brownsburg, IN 46112
Ronald Reagan Parkway Expansion Area · Land For Sale · 8.19 AC

Excellent opportunity to acquire a prime corner within the Ronald Reagan Pathway Expansion. Redevelopment potential offers a multitude of options with GB zoning (see Zoning District Plan). Existing structures include three pole barns, built 2015 and a single-family home built 2008; 11,524 SF Total GLA; 357,494 SF Land. An investor can re-tenant and realize rental income from the property while drawing plans and seeking approvals for redevelopment. Current Zoning is General Business for corner parcel and Agricultural General Business for parcel with home. The property enjoys 788 Feet of Frontage along the North side of CR 700N and approximately 460 Feet of Frontage on the East side of CR 900E. Single family housing is in place and additional homes under construction immediately to the West of the subject property (Town of Brownsburg issued 402 residential and commercial building permits in 2020). St Malachy Catholic Church (2059 Families) and School (429 Students Enrolled) are approximately one mile from the subject property at 9833 E CR 750N. The subject property is located within the Ronald Reagan Parkway Corridor, a 16 mile limited access highway and economic development area running north and south through Hendricks County, Indiana beginning at I-70, connecting the Towns of Avon, Plainfield, and Brownsburg to the Boone County Line and eventually to connect with I-65. The corridor incorporates adjacent properties radiating out approximately 1000 feet on either side of the proposed parkway centerline. The town annexed the Ronald Reagan Parkway in 2011, and in 2012 expanded the municipality's Tax Increment Financing District to include 2,143 acres around the parkway to secure future commercial development. Brownsburg's comprehensive plan calls for land along the parkway to be used for warehouses, office campuses, hotels, restaurants, and other retail development. The new Ronald Reagan Logistics Center development will bring nearly 4 million SF space for logistics and distribution near the intersection of the parkway & I-74, in addition to a 47 Acre Commerce Park at Brownsburg Raceway Development adjacent to Lucas Oil Indianapolis Raceway Park. The Town of Brownsburg, Indiana (Population W/I 5 Miles: 73,729) is within the Indianapolis MSA (Population: 2,111,040; Rank:33rd). The property is located 4 minutes from I-74, 20 minutes from Indianapolis International Airport and 30 minutes from downtown Indianapolis, in northeast Hendricks County, the third fastest growing county in the state of Indiana (Population: 177,117; 1.96% Growth YOY). The area is affluent with an average household income of $115,348 within 5 Mile Radius.