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    5299 E 38Th St Indianapolis, IN 46218

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    For Sale
    $650,000

    2,540 SF building suitable for retail or restaurant use.

    Property size:
    2,540 SF
    Lot size:
    0.60 Acres

    Property Features for 5299 E 38Th St

    General Information

    Size
    2,540 SF
    Lot size
    0.60 Acres

    Source: Premier Commercial Real Estate Services, Inc. Agent Kristen Berry

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

    Overview

    Retail or Restaurant Space Available

    This is a 2,540 SF building with a flexible layout suitable for retail or restaurant use. All fixtures, furniture, and equipment are available. The property is located along the newly redeveloped 38th Street in a prime location within the dynamic Indianapolis area.
    Insight Report Location Intelligence

    Current Use by Public Records

    Trap cafe event ... Restaurant Empanada Burger Restaurant 1313 Eatery American Restaurant VIP Lounge Lounge Mayfield Restaurant & Bar Bar

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.078397
    Latitude
    39.825413

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    FAQs

    What type of property is this?
    Retail space - 2,540 SF building suitable for retail or restaurant use.
    Where is this retail space located?
    The property is located at 5299 E 38Th St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Prime location in the dynamic Indianapolis area; - 2,540 SF building with **flexible layout for retail or restaurant use**; - Located along newly redeveloped 38th St.
    (317) 660-1289
    Request Owner's contact information
    5299 E 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
    5299 E 38Th St Indianapolis, IN 46218
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