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    3291 Madison Ave Indianapolis, IN 46227

    New
    Pending
    For Sale
    $1,000,000

    Warehouse - Indianapolis, IN

    Type:Single Family Residence
    Property size:
    8,210 SF
    Lot size:
    0.66 Acres
    Days on Market:
    6
    Last Refresh:
    Dec 15 at 1:06 am

    Property Features for 3291 Madison Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Residence
    Standard status
    Pending
    Zoning
    C-7
    APN
    491125117001113501
    Exterior features
    Fencing
    Fencing
    Fenced
    Size
    8,210 SF
    Lot size
    0.66 Acres

    Building Details

    Year built
    1983
    Architectural style
    Other

    Keller Williams Indy South (317) 882-5900 [email protected]

    Listing agent Shelly Johnson (317) 882-5900 License #RB14043056

    Listing date Dec 10, 2025

    MLS# 22068254 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

    Functional Warehouse for Investment/Occupancy

    This warehouse property, with a size of 8,210 square feet on a 0.66-acre lot, is available for investment or owner occupancy. It comprises two connected, climate-controlled buildings. The property is equipped with 3-phase 400 amp power and LED lighting throughout. New additions include two 50-gallon tankless water heaters and a 5-ton A/C unit. Building 1 features a 52'x49' open area, five offices, two restrooms, removable equipment lockers, mezzanine storage, and a 10' automatic overhead door. Building 2 offers a 57'x55' open space with a 14' automatic garage door, a removable racking system, and an additional mezzanine area. The property includes an outdoor storage shed and is fully fenced with a secure gated entrance. The C-7 zoning allows for various businesses, including animal care and boarding, auctioneering, auto sales and service, indoor recreation, heavy equipment sales and service, fireworks, and firearm sales. The property is located in Indianapolis, IN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Carriage Cleaners Fire Damage Restoration Service 3291 Madison Ave ... Parking Lot

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Similar Places Nearby

    U-STOR Self Storage, Store Space Self Storage, Prime-Self-Stor, Sherman Moving & Storage Co

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.147378
    Latitude
    39.718486

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    FAQs

    What type of property is this?
    Warehouse - 10,000 SF warehouse with flexible space and secure features.
    Where is this warehouse located?
    The property is located at 3291 Madison Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - 10,000 +/- SF warehouse property ideal for investment or owner occupancy.; - C-7 zoning allows for a wide variety of businesses including Animal Care, Auto Sales, and Indoor Recreation.; - Two connected, climate-controlled buildings feature 3-phase 400 amp power and LED lighting.
    (317) 882-5900
    Request Owner's contact information
    3291 Madison Ave Indianapolis, IN 46227
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    Indianapolis, IN 46227
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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
    3291 Madison Ave Indianapolis, IN 46227
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