Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2920 E 38Th St Indianapolis, IN 46218

    For Sale
    $1,942,000

    Retail pharmacy property available for sale.

    Property size:
    2,500 SF
    Lot size:
    0.68 Acres

    Property Features for 2920 E 38Th St

    General Information

    Size
    2,500 SF
    Lot size
    0.68 Acres

    Source: Cooper Commercial Investment Group Agent Dan Cooper

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

    Overview

    Retail Pharmacy Opportunity

    This property presents an opportunity to acquire a retail pharmacy location. The site is suitable for a business involved in dispensing medicines, offering health services, and providing health and beauty products. Walgreens, a global innovator in retail pharmacy with over 12,500 locations across the U.S., Europe, and Latin America, plays a critical role in the healthcare ecosystem. Walgreens is reimagining local healthcare and well-being as part of its purpose - to create more joyful lives through better health. Walgreens employs approximately 330,000 people and has a presence in 8 countries through its portfolio of consumer brands. As of 2022, Walgreens Boots Alliance is ranked #18 on the Fortune 500 rankings of the largest United States corporations by total revenue. Walgreens revenue for the twelve months ending May 31, 2024 was $145.532B, a 6.92% increase. The property contains 2500 square feet of space.
    Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Pharmacy Pharmacy FedEx OnSite Mailing Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Similar Places Nearby

    CVS, CVS Pharmacy, Mark Leeper

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.115583
    Latitude
    39.825378

    Nearby Similar for Sale

    • $1,500,000
      13,400 SF

      Indianapolis Multi-Family Investment Opportunity

      17-unit rental portfolio near I-465 in Indianapolis.
      3805 Biscayne Rd, Indianapolis, IN 46226
      View Details
    • $449,900
      Pending

      Turnkey Duplex in Downtown Indianapolis

      Luxury duplex with modern finishes and strong rental income.
      1036 N Parker Ave, Indianapolis, IN 46201
      View Details
    • New
      $749,800
      0.26 Acres

      New Construction Duplex in Indianapolis

      Modern duplex near Monon, ideal for investors or owner-occupants.
      2051-2053 Columbia Ave, Indianapolis, IN 46202
      View Details
    • $425,000
      2,156 SF

      Indianapolis Mixed-Use Property with Daycare

      Two-bedroom home with daycare business opportunity on a large lot.
      839 S Lynhurst Dr, Indianapolis, IN 46241
      View Details
    • New
      $205,000
      0.14 Acres

      Indianapolis Duplex Near Eastside

      3-bedroom, 1-bath duplex near downtown Indianapolis.
      1018 N Tuxedo St, Indianapolis, IN 46201
      View Details
    • New
      $375,000
      0.13 Acres

      Updated Duplex Near Monon Trail

      Renovated duplex near Monon Trail, ideal for investors.
      2321 Guilford Ave, Indianapolis, IN 46205
      View Details

    FAQs

    What type of property is this?
    Drug store - Retail pharmacy property available for sale.
    Where is this drug store located?
    The property is located at 2920 E 38Th St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $1,942,000.
    What are key features of this property?
    This property features: - Established, global retail pharmacy innovator with 12,500+ locations.; - Critical role in the healthcare ecosystem.; - Fortune 500 company (Ranked #18 as of 2022).
    (216) 562-1981
    Request Owner's contact information
    2920 E 38Th St Indianapolis, IN 46218
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2920 E 38Th St
    Indianapolis, IN 46218
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2920 E 38Th St Indianapolis, IN 46218
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.