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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

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    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.
    (317) 595-2100
    Request Owner's contact information
    3637 38Th St Indianapolis, IN 46218
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    Indianapolis, IN 46218
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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
    3637 38Th St Indianapolis, IN 46218
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