The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1928-05-17
BEST BUSINESS
/ SITES GIvENAT
. $4,000 A FOOT
Comparison Made of Cities
With Population of
100000 or More.
RESIDENTIAL LAND $3.50
Scales Down to $40, Report
Shows; Cincinnati
Placed Highest.

The price Of best business Ioca-
ton property in Indianapolis aver
ages $4,000 front foot, community
business locations average $500 a
front foot and highest grade resi-
dental property $3.50 a front foot,
according to a comparative survey
of property of forty cities received
by the Indianapolis Real Estate
Board today.
The survey was made by the N,
j. Upham Company Duluth. Mimi,
with the aid Of real estate boards
Indianapolis property values in
many cases are higher than those
Of other cities of about the same
population. the survey shows.
Lists City at 100000
The report credits indianapolis
with 100000 population and an es-
timated growth Of per cent a year.
In comparison to the $4,000 a
front foot valuation of properties
in indianapolis, the report shows
that Kansas City, with an estimated
population practically the same and
a 5 per cent estimated yearly growth
has an average valuation of $4,000
to $4,000.
New Orleans, with an estimated
population of 425 900, growing at the
rate of 3.5 per cent a year, has
$12,500 a foot average valuation, and
Seattle, Wash, population $4,000
with a 5 per cent annual growth, has
only $4,000 best business valuation.
Cincinnati, with 100000 popula
ton, growing at the rate of about l
per cent a year, has an average price
of $4,000 a front foot for the besc
business district, and $1,000 for small
community business, the latter COM
pairing to S400 front foot for small
community business locations in IN
dianapolis.
Kansas City High
New Orleans and Seattle are
listed with community business 10
cations at 5000 a front foot, while
Kansas City estimates the value OF
similar property between $4,000 and
$2,500
Local realtors point out that the
high value Of community business
locations in Kansas City and Gin
cinnati results from the hilly ground
on which the cities are located,
making necessary highly developed
and concentrated business sections
Highest grade residential prop
erty in indianapolis, valued at $3.50
a front foot is compared to $75 in
Kansas City; $3.50 in New Orleans;
5000 in Seattle, and $3.50 in Gin
cinnati.
Fully improved subdivision values
are more nearly equal, being $50 in
Indianapolis; $50 in Cincinnati; $50
to $50 in Seattle and S35 in New
Orleans and $40 in Kansas City.
Subdivision at $40
Good grade subdivision property
with limited Improvements in In
dianapoliS averages $40 a front
foot, according to the report, the
same as in New Orleans and
Seattle, compared to SIS in Kan
sas City. No estimate of the value
of similar property in Cincinnati is
given.
AS shown by the survey, Pitts
burgh, with $4,000 persons, So per
, cent more than Indianapolis, has
an average business front footage
price only Is per cent more than
indianapolis, while small commun-
ity business locations regularly sell
for $500 front foot, 25 per cent
less than the price prevailing here.
The survey covers cities ranging
! In size from Ann Arbor, Mich, with
a population of $4,000, to Chicago,
with population of 100000.