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    1440 Madison Ave Indianapolis, IN 46225

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    For Sale
    Contact for pricing

    4,000 SF building near downtown Indianapolis, ready September 2024.

    Property size:
    4,000 SF
    Lot size:
    3.05 Acres

    Property Features for 1440 Madison Ave

    General Information

    Size
    4,000 SF
    Lot size
    3.05 Acres

    Source: Alo Property Group Agent Gary Perel

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

    Overview

    Freestanding Building South of Downtown

    This well-maintained, freestanding building offers 4,000 square feet of institutional quality construction. Built in 2009, the property is located just south of Downtown Indianapolis, next to the rapidly expanding Bates Hendricks Neighborhood, and approximately 1.5 miles from the Central Business District of Indianapolis. The property is zoned MU2, allowing for a range of potential uses such as office, retail, medical, and food establishments. The location offers excellent visibility and accessibility, with a traffic count exceeding 17,000 vehicles per day. A drive-through is permitted, and the possibility of adding one is being investigated. The property is ideal for retail, medical, or food businesses and will be ready for occupancy in September 2024.
    Location Intelligence

    Current Use by Public Records

    Indiana Bureau of Motor ... License Bureau Indianapolis - Madison Ave ... Department Of Motor Vehicles

    Suggested Use

    Realty agency Law Firm Restaurant 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
    -86.154163
    Latitude
    39.747631

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    FAQs

    What type of property is this?
    Storefront property - 4,000 SF building near downtown Indianapolis, ready September 2024.
    Where is this storefront property located?
    The property is located at 1440 Madison Ave Indianapolis, IN.
    What are key features of this property?
    This property features: - Prime location just south of Downtown Indianapolis.; - Drive-through permitted.; - Zoned MU2 allowing for various uses (office, retail, medical, food).
    (317) 698-8446
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    1440 Madison Ave Indianapolis, IN 46225
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    Indianapolis, IN 46225
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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
    1440 Madison Ave Indianapolis, IN 46225
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