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7536 S Emerson Ave - Senior Living Development Land 5.69 Acres of Residential Land Offered at $2,000,000 in Indianapolis, IN 46237
Investment Highlights
- +/- 5.69 acres of multifamily development ground
- Construction documents approved
- Southport Commons Shopping and Fransiscan St Francis Health 0.5 mi away
- 135 age-restricted units approved (55+)
- More than 18,000 Vehicles Per Day
Executive Summary
± 5.69 acres, zoned and entitled for an age-restricted multifamily development. The property is ideally situated near major anchors such as Target, Meijer, ALDI, Kroger, and Walmart, with additional retail options available at Southport Commons and Greenwood Park Mall. There is also convenient access to quality healthcare services from Franciscan Health Indianapolis and Ascension St. Vincent South.
Property Facts
| Price | $2,000,000 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | Apartment Units - Senior |
| No. Lots | 1 | Total Lot Size | 5.69 AC |
| Property Type | Land | ||
| Zoning | R-2 - Age Restricted Multi-Familly | ||
| Price | $2,000,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units - Senior |
| Total Lot Size | 5.69 AC |
| Zoning | R-2 - Age Restricted Multi-Familly |
1 Lot Available
Lot
| Price | $2,000,000 | Lot Size | 5.69 AC |
| Price Per AC | $351,493.85 |
| Price | $2,000,000 |
| Price Per AC | $351,493.85 |
| Lot Size | 5.69 AC |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 49-15-16-117-008.000-500 | Improvements Assessment | $6,175,600 |
| Land Assessment | $1,833,000 | Total Assessment | $8,008,600 |
Property Taxes
Parcel Number
49-15-16-117-008.000-500
Land Assessment
$1,833,000
Improvements Assessment
$6,175,600
Total Assessment
$8,008,600
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