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    1309 S High School Rd Indianapolis, IN 46241

    For Sale
    $875,000

    Retail - Indianapolis, IN

    Type:Retail
    Property size:
    5,200 SF
    Lot size:
    0.33 Acres
    Days on Market:
    33
    Last Refresh:
    Dec 6 at 9:06 pm

    Property Features for 1309 S High School Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    Com Small Det Retail
    APN
    491213104014000930
    Size
    5,200 SF
    Lot size
    0.33 Acres

    Building Details

    Year built
    1984
    Architectural style
    Other

    RE/MAX Cornerstone (765) 653-7070 [email protected]

    Listing agent Steven Custis (765) 653-7070 License #RB14034856

    Listing date Nov 4, 2025

    MLS# 22022448 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    High-Visibility Retail Building For Sale

    This commercial building offers a rare opportunity in a highly visible location in Indianapolis, situated on the northeast corner of US 40 and High School Road, just one block west of the I-465 exit. Zoned for retail, the property is currently used as a bicycle shop. The building features 12-foot ceilings with LED lighting and an updated HVAC system installed in 2018. The layout is designed to accommodate multiple tenants in the future, featuring two entrances separated by a firewall and firewall door, along with two bathrooms. A rear dock with a loading area and overhead door provides convenient access. The property includes a lot size of 0.33 acres and a building size of 5,200 square feet. The seller is willing to leave the 10'x40' shipping containers for extra storage if the buyer desires. This property is located in Indianapolis, IN 46241.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    BOI Bicycle Outfitters ... Bicycle Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.269094
    Latitude
    39.747462

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    FAQs

    What type of property is this?
    Retail space - Commercial building in prime Indianapolis location, suitable for retail.
    Where is this retail space located?
    The property is located at 1309 S High School Rd Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: - High visibility location on the NE corner of US 40 & High School Road, near I-465 exit.; - Zoned retail with potential for multiple tenants due to layout with 2 entrances, firewall, and 2 bathrooms.; - Rear dock with loading area and overhead door.
    (765) 653-7070
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    Indianapolis, IN 46241
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1309 S High School Rd Indianapolis, IN 46241
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