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7536 S Emerson Ave - Senior Living Development Land 5.69 Acres of Residential Land Offered at $2,785,680 CAD 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 | $2,785,680 CAD | 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 | $2,785,680 CAD |
| 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 | $2,785,680 CAD | Lot Size | 5.69 AC |
| Price Per AC | $489,574.70 CAD |
| Price | $2,785,680 CAD |
| Price Per AC | $489,574.70 CAD |
| 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 | $8,494,464 CAD |
| Land Assessment | $3,082,283 CAD | Total Assessment | $11,576,747 CAD |
Property Taxes
Parcel Number
49-15-16-117-008.000-500
Land Assessment
$3,082,283 CAD
Improvements Assessment
$8,494,464 CAD
Total Assessment
$11,576,747 CAD
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7536 S Emerson Ave - Senior Living Development Land
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