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$600,000   Price Analysis
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91 N Raceway Rd
Indianapolis, IN 46234
3 bed 2 bath 1,960 SqFt ($306/SqFt)
1.0 acre lot. Built 1955
Listed 2023-11-06, Taxes $2,735
Ⓧ USDA Ineligible
due to location

near Indianapolis

REZONE TO COMMERCIAL: Prime Investment Opportunity!

This 1-acre property, ideally situated in a bustling commercial zone, offers immense potential for rezoning to accommodate diverse commercial ventures. With a sturdy house primed for renovation and customization, this property is a perfect canvas for your vision. Surrounded by an array of thriving businesses including PNC Bank, Little Caesa rs, ATandT store, Outback Steakhouse, McCallister's, Jagger's, Five Guy's, Walgreen's, Meijer Supermarket, Chic-fil-A, Subway, Panera Bread, Fresh Thyme and L.A. Fitness, this high-traffic area. Over 15, 000 cars pass by per day!!

It's ideal for various ventures such as medical and dental offices, vibrant retail stores or enticing restaurants. Seize this rare opportunity to transform this property into a thriving commercial hub, benefiting from the dynamic commrcial landscape and the strong local community.


Presented by Doug Russell at
Carpenter Realtors, Avon West.
Listing Agent Photo

Property MLS #21950099 from MIBOR

Bedrooms: 3
Bedrooms On Main Level: 3
Primary Bedroom Dimensions: 12 x 12
Bedroom 2 Dimensions: 19 x 9
Bedroom 3 Dimensions: 12 x 12
Primary Bedroom Level: Main
Bedroom 2 Level: Main
Bedroom 3 Level: Main

Total Rooms: 8
Family Room Dimensions: 21 x 25
Living Room Dimensions: 12 x 17
Family Room Level: Main
Living Room Level: Main

Total Bathrooms: 2
Full Bathrooms: 1
1/2 Bathrooms: 1
Full Bathrooms On Main Level: 1
Half Bathrooms On Main Level: 1

Attic Access

Electric Cooktop
Electric Water Heater
Humidifier
Microwave
Oven
Range Hood
Water Softener Owned

Cooling Features: Central Electric
Fireplace Features: Family Room, Woodburning Fireplce
Heating Features: Dual, Gas
Number of Fireplaces: 1

Dining Area Description: Dining Combo/Family Room
Dining Room Dimensions: 12 x 11
Dining Room Level: Main
Kitchen Dimensions: 11 x 8
Kitchen Level: Main

Barn Mini
Storage Shed
Patio And Porch Features: Wrap Around

Lot Description: Mature Trees
Lot Size Acres: 1.0
Lot Size Square Feet: 43560

Garage Spaces: 1
Parking Features: Attached
Garage Sqft: 421

High School District: MSD Wayne Township

Chapel Glen Elementary School is a public elementary school located approximately 0.9 miles away.
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Chapel Hill 7th & 8th Grade Center is a public middle school located approximately 2.1 miles away.
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Ben Davis Ninth Grade Center is a public middle and high school located approximately 2.2 miles away.
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Crosspoint Christian Academy is a private elementary, middle and high school located approximately 0.8 miles away.
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Calculated Total Monthly Association Fees: 0

Source Listing Status: Active
County: Marion
Directions: Use GPS
Tax Year: 2022
Source Property Type: Residential
Area: 4909 - Marion - Wayne
Source Neighborhood: 4909 - Marion - Wayne
Parcel Number: 491204136013000900
Postal Code Plus 4: 9602
Township: Wayne
Property Subtype: Single Family Residence
Lot Number: 491204136013000900
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$164,100 + $32,200
$196,300
$2,735
2021$164,100 + $32,200
$196,300
$2,977
2020$132,300 + $32,200
$164,500
$2,468
2019$139,400 + $32,200
$171,600
$2,587
2018$126,500 + $32,200
$158,700
$2,153
2017$113,500 + $32,200
$145,700
$1,966
2016$94,700 + $32,200
$126,900
$1,706
2015$101,000 + $32,200
$133,200
$1,609
2014$85,800 + $32,200
$118,000
$1,271
2013$91,500 + $32,200
$123,700
$1,337
2012$91,600 + $32,200
$123,800
$1,343
2011$104,400 + $32,200
$136,600
$1,443
2010$101,400 + $32,200
$133,600
$1,410
2008$107,500 + $32,200
$139,700
$1,568
2008$103,300 + $32,200
$135,500
$1,568
2006$128,500 + $32,200
$160,700
$2,013

Listed 2023-11-06
$600,000
MIBOR

Total Square Feet Living: 1960
Year Built: 1955
Construction Materials: Cultured Stone, Wood
Direction Faces: West
Foundation Details: Block
Levels: One
Property Age: 69
Property Condition: Fixer
Total Area Main: 1960
Architectural Style: Ranch

Electric: 100 Amp Service, 200+ Amp Service
Cable Available
Water Source: Municipal/City

Other Equipment: Satellite Dish Paid, Security Alarm Paid
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.