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Retail

Crossroads Feed Barn | Redevelopment

7085 North County Road 900 East, Brownsburg, IN 46112

Listing Price: $1,163,000

Lot Size
8.19 acres
Price/Acre
$142,003
Land Type
Redevelopment
Buildable Square Feet
357,494

Investment Overview

Excellent opportunity to acquire an existing retail property on a premier corner within the Ronald Reagan Parkway expansion improved with two pole barns, built 2015, shed and a single family home built 2008; 11,524SF Total GLA; 357,494SF 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 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 on CR 900E 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.
St Malachy Catholic Church (2059 Families; 429 Enrolled Students) and School is located approximately 1 Mile from the subject property.

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 Town of Brownsburg, Indiana (2020 Population within 5 Miles: 76,448) is located along I-74, just minutes from Indianapolis in northeast Hendricks County, the third fastest growing county in the state of Indiana (2021 Population: 177,117; 1.96% Growth YOY ). The area is affluent with an average household income of $107,555 within 5 Mile Radius. Five minutes to downtown Brownsburg; 25 Minutes to Downtown Indianapolis; 23 Minutes to the Indianapolis International Airport.

Investment Highlights

  • 8.19 Acres Zoned General Business Along Ronald Reagan Parkway Extension
  • Potential for Rental Income Prior to Redevelopment
  • Existing Improvements: (2) Pole Barns Built 2015, Shed, Single Family Home 2280SF
  • Located in Brownsburg, Hendricks County, Third Fastest Growing County in Indiana
  • Indianapolis, Indiana MSA (Ranked 16th) Population: 2.1Million; 4% Growth 2020-2025
  • Affluent Area, Average Household Income Within 5 Miles: $107,555

Exclusively Listed By

Listing Price: $1,163,000

Lot Size
8.19 acres
Price/Acre
$142,003
Land Type
Redevelopment
Buildable Square Feet
357,494

Investment Highlights

  • 8.19 Acres Zoned General Business Along Ronald Reagan Parkway Extension
  • Potential for Rental Income Prior to Redevelopment
  • Existing Improvements: (2) Pole Barns Built 2015, Shed, Single Family Home 2280SF
  • Located in Brownsburg, Hendricks County, Third Fastest Growing County in Indiana
  • Indianapolis, Indiana MSA (Ranked 16th) Population: 2.1Million; 4% Growth 2020-2025
  • Affluent Area, Average Household Income Within 5 Miles: $107,555

Investment Overview

Excellent opportunity to acquire an existing retail property on a premier corner within the Ronald Reagan Parkway expansion improved with two pole barns, built 2015, shed and a single family home built 2008; 11,524SF Total GLA; 357,494SF 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 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 on CR 900E 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.
St Malachy Catholic Church (2059 Families; 429 Enrolled Students) and School is located approximately 1 Mile from the subject property.

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 Town of Brownsburg, Indiana (2020 Population within 5 Miles: 76,448) is located along I-74, just minutes from Indianapolis in northeast Hendricks County, the third fastest growing county in the state of Indiana (2021 Population: 177,117; 1.96% Growth YOY ). The area is affluent with an average household income of $107,555 within 5 Mile Radius. Five minutes to downtown Brownsburg; 25 Minutes to Downtown Indianapolis; 23 Minutes to the Indianapolis International Airport.

Exclusively Listed By

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