C5-Zoned Storefront
1012 Virginia Ave, Indianapolis, IN 46203
For Sale
$550,000
The building occupies a commercial corridor within Indianapolis’s Fountain Square Cultural District.
Property Size2,000 SF
Price / SF$275
Days on Market188
Property Features for 1012 Virginia Ave
General Information
Standard status
Size
Zoning
Site & Location
Neighborhood
Listing Agency:
@properties
Listed By:
Daniel Fisher
(812) 236-5559
Source:
Exprealty
Added: May 7
Changed: Nov 8
Last Checked: Nov 8 at 10:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of @properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,000-square-foot commercial building at 1012 Virginia Ave is zoned C5 and positioned within Indianapolis’s Fountain Square Cultural District. The property offers a compact urban footprint suited to a storefront-oriented commercial use, with its address placing it directly within the district’s established business environment.
The surrounding area includes restaurants, breweries, live music venues, galleries, and creative businesses. Fountain Square also includes the Cultural Trail and adaptive-reuse projects, adding established cultural and commercial context to the immediate setting. The property is located in Indianapolis, Indiana, near the city’s southeast side.
The surrounding area includes restaurants, breweries, live music venues, galleries, and creative businesses. Fountain Square also includes the Cultural Trail and adaptive-reuse projects, adding established cultural and commercial context to the immediate setting. The property is located in Indianapolis, Indiana, near the city’s southeast side.
Key Highlights
- 2,000‑square‑foot commercial building at 1012 Virginia Ave
- C5 zoning supports a commercial storefront setting
- Located within Indianapolis’s Fountain Square Cultural District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,521
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,420
$430.4K
Cap Rate 7%
$307,443
$307.4K
Cap Rate 9%
$239,122
$239.1K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$33.6K $16.80/SF
− Vacancy
−$2.9K −$1.43/SF
EGI
$30.7K $15.37/SF
− OpEx
−$9.2K −$4.61/SF
NOI
$21.5K $10.76/SF
Area
Indianapolis, IN
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,420
Cap Rate 7%
$307,443
Cap Rate 9%
$239,122
Alternative Uses
Best Use
Retail
$307.4K
$269.0K – $358.7K
NOI $21,521 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$497.8K
$435.6K – $580.8K
NOI $34,848 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,115
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46203, IN
38,224
Population
18,057
Households
2.1
Avg Household Size
34
Median Age
26%
College-Educated
79%
High-School Grad
13.9 sq mi
ZIP Area
2,750
Density / Sq Mi
$55,375
Median Household Income
$40,620
Median Earnings
$1,022
Median Rent
$155,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Indianapolis, IN
Properties on Market for Storefront properties in Indianapolis
Vacancy Rate% for Retail in Indianapolis, IN
Similar Off Market Nearby
- Flower Boys — 702 Lexington Ave, Indianapolis, IN 46203
Frequently Asked Questions
What type of property is this?
Storefront property - The building occupies a commercial corridor within Indianapolis’s Fountain Square Cultural District.
Where is this storefront property located?
The property is located at 1012 Virginia Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,000‑square‑foot commercial building at 1012 Virginia Ave; C5 zoning supports a commercial storefront setting; Located within Indianapolis’s Fountain Square Cultural District
