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    3808 Shelby St Indianapolis, IN 46227

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    For Sale
    Contact for pricing

    Freestanding building across from the University of Indianapolis.

    Property size:
    10,344 SF
    Lot size:
    1.02 Acres

    Property Features for 3808 Shelby St

    General Information

    Size
    10,344 SF
    Lot size
    1.02 Acres

    Source: Tharp Realty Agent Crystal Kennard

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Building Near University

    This freestanding building, currently housing The Wit Theater and home to ComedySportz Indianapolis, is located directly across from The University of Indianapolis on the Southside of Indianapolis. The property is accessible via the Redline, which extends travel to Broad Ripple, providing access to work, education, health care, restaurants, entertainment, and shopping. The Redline serves as a cornerstone of transportation options for Indianapolis and central Indiana. The University of Indianapolis has 5,600 students on the main campus, including approximately 1,400 graduate students, with over 100 undergraduate degree programs, 40+ master's degree programs, and five doctoral programs. The student body represents over 40 U.S. states and 55+ countries. The property has a size of 10,344 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bike Parking Bicycle Rack The Wit Theater - Home ... Comedy Club Concealed Coalition Firearms Academy Books & Brews Brewery

    Suggested Use

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

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

    Similar Places Nearby

    Bouquets Only, La Rosa de Saron, Gloria's Flowers, Kroger Floral

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1398032
    Latitude
    39.7101823

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    FAQs

    What type of property is this?
    Storefront property - Freestanding building across from the University of Indianapolis.
    Where is this storefront property located?
    The property is located at 3808 Shelby St Indianapolis, IN.
    What are key features of this property?
    This property features: - Freestanding building, home to The Wit Theater/ComedySportz Indianapolis.; - Located directly across from the University of Indianapolis.; - **Redline access directly in front of the property.**
    (317) 418-2464
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    3808 Shelby St 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
    3808 Shelby St Indianapolis, IN 46227
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