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8925 E 42nd St 11,626 SF Specialty Building Offered at $850,000 in Indianapolis, IN 46226
INVESTMENT HIGHLIGHTS
- Prime corner location with exceptional visibility and access.
- 4.3-acre site with 465 feet of frontage and 52-space parking lot.
- Includes church sanctuary, classrooms, offices, and daycare facility.
- Convenient proximity to I-465 and major Indianapolis thoroughfares.
EXECUTIVE SUMMARY
THE SUBJECT CHURCH PROPERTY HAS A MYRIAD OF POSSIBILITIES. THIS CORNER PROPERTY OF APPROXIMATELY 4.3 ACRES IS LOCATED AT THE SOUTHWEST QUADRANT OF EAST 42ND STREET AND NORTH POST ROAD. WITH A REASONABLE AMOUNT OF VEHICULAR TRAFFIC AND AN IMMEDIATE AND DENSE POPULATION, THIS HAS ALL THE REQUIREMENTS FOR ITS EXISTING USE, AN APARTMENT PROJECT, AND, OR A COMMERCIAL DEVELOPMENT, OR ANOTHER SPECIAL USE APPLICATION, ALL REQUIRING REZONING.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $850,000 | Lot Size | 4.30 AC |
| Price Per SF | $73.11 | Building Size | 11,626 SF |
| Sale Type | Owner User | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1964 |
| Property Subtype | Religious Facility | Parking Ratio | 5.59/1,000 SF |
| Building Class | C | ||
| Zoning | SU1 | ||
| Price | $850,000 |
| Price Per SF | $73.11 |
| Sale Type | Owner User |
| Property Type | Specialty |
| Property Subtype | Religious Facility |
| Building Class | C |
| Lot Size | 4.30 AC |
| Building Size | 11,626 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 5.59/1,000 SF |
| Zoning | SU1 |
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PROPERTY TAXES
| Parcel Number | 49-08-18-120-005.000-401 | Improvements Assessment | $742,400 (2024) |
| Land Assessment | $334,700 (2024) | Total Assessment | $1,077,100 (2024) |
PROPERTY TAXES
Parcel Number
49-08-18-120-005.000-401
Land Assessment
$334,700 (2024)
Improvements Assessment
$742,400 (2024)
Total Assessment
$1,077,100 (2024)
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8925 E 42nd St
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