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    7001 Madison Ave Indianapolis, IN 46227

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    For Sale
    $585,000

    Freestanding retail building at a signalized intersection with high traffic.

    Property size:
    3,745 SF
    Lot size:
    0.42 Acres

    Property Features for 7001 Madison Ave

    General Information

    Size
    3,745 SF
    Lot size
    0.42 Acres

    Source: Veritas Realty Agent Jon Bannister

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

    Overview

    Corner Retail Building For Sale

    This 3,745 square foot retail building is positioned on the corner of a signalized intersection at the intersection of Madison Avenue and Southport Road, which sees average daily traffic counts of 18,534 and 11,697 vehicles respectively. The property features 165 feet of road frontage. The surrounding area has a population of approximately 84,000 people within a 3-mile radius, and the building footprint is ready for the next user.
    Insight Report Location Intelligence

    Current Use by Public Records

    Chase Bank Bank Chase Mortgage Mortgage Lender Chase ATM Atm

    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
    -86.126302
    Latitude
    39.664392

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    FAQs

    What type of property is this?
    Storefront property - Freestanding retail building at a signalized intersection with high traffic.
    Where is this storefront property located?
    The property is located at 7001 Madison Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $585,000.
    What are key features of this property?
    This property features: - Located at the heavily trafficked intersection of Madison Ave (18,534 AVD) & Southport Rd (11,697 AVD); - Large building footprint (3,745 SF) ready for the next user; - 3 mile population of 84,000 people
    (317) 493-1267
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    7001 Madison Ave Indianapolis, IN 46227
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    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
    7001 Madison Ave Indianapolis, IN 46227
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