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3637 38Th St Indianapolis, IN 46218

For Sale
$450,000

Two-Space Retail Building, High Growth Area

Property size:
1,798 SF

Description

Added:
Feb 3, 2025
Days on Market:
309
This exceptional retail investment opportunity is located at 3637 E 38th Street in Indianapolis, Indiana. The property encompasses a 1,798 square foot building situated on a 0.52-acre lot, offering significant potential for expansion. Currently, the center houses two retail spaces. One space, measuring 800 square feet, is available for immediate occupancy, presenting a fantastic chance for a new business to establish itself in a thriving location. The second space is a convenience store operating under a lease agreement extending through 2026, providing a stable and predictable income stream. The existing building's layout is well-suited for a variety of retail uses, and the generous lot size allows for the construction of an additional 1,500 square feet of building space, providing ample room for future growth and expansion. This presents a unique opportunity to increase the property's value and rental income. The property's strategic location in Indianapolis offers excellent visibility and accessibility, ensuring high foot traffic and strong potential for attracting customers. This is an ideal investment for those seeking a stable, income-producing asset with significant upside potential. The asking price for this prime retail center is $450,000. Don't miss this chance to acquire a valuable piece of Indianapolis real estate.

Property Features for 3637 38Th St

General Information

Property type
Retail properties
Square Feet
1,798 SF
Lot Size
22,651 SF

Building Details

Year Built
1965

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Sherman Steak & Lemonade ... Restaurant Sherman's Steak and Lemonade Steak House Sherman stake and lemonade American Restaurant Northside Tax Refund Tax Preparation Service Easy Tax Service Tax Preparation Service

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Indianapolis
County
Marion
State
Indiana
Longitude
-86.10478
Latitude
39.82502

FAQs

What type of property is this?
Retail property - Two-Space Retail Building, High Growth Area
Where is this retail property located?
The property is located at 3637 38Th St Indianapolis, IN.
What is the asking price?
The asking price for this property is $450,000.
More about this property
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