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    612 N Delaware St Indianapolis, IN 46204

    For Sale
    Contact for pricing

    Retail space with residential income potential near downtown Indianapolis.

    Property size:
    4,068 SF
    Lot size:
    0.12 Acres

    Property Features for 612 N Delaware St

    General Information

    Size
    4,068 SF
    Lot size
    0.12 Acres

    Source: Tharp Realty Agent Crystal Kennard

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

    Overview

    Retail and Residential Income Property

    This 4,068 square foot property offers high visibility on Delaware Street, situated five blocks from downtown Monument Circle and in close proximity to Massachusetts Avenue. The property includes a total of five parking spaces, with three dedicated to The Great Frame Up and two dedicated to the Airbnbs. It is suitable for retail and residential income purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Great Frame Up Picture Frame Shop

    Suggested Use

    Realty agency Spa & Massage Dental Office Hair Salon Restaurant Nail Salon Building Supply Daycare Center Kitchen & Bath Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.154318
    Latitude
    39.776426

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    FAQs

    What type of property is this?
    Retail space - Retail space with residential income potential near downtown Indianapolis.
    Where is this retail space located?
    The property is located at 612 N Delaware St Indianapolis, IN.
    What are key features of this property?
    This property features: - High Visibility on Delaware St.; - 5 Blocks from Downtown Monument Circle; - Close Proximity to Massachusetts Ave
    (317) 418-2464
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    612 N Delaware St Indianapolis, IN 46204
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    Indianapolis, IN 46204
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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
    612 N Delaware St Indianapolis, IN 46204
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