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    631 E National Ave Brazil, IN 47834

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    For Lease
    Contact for pricing

    Retail spaces available in high-traffic area near Kroger.

    Property size:
    2,185 SF
    Lot size:
    0.75 Acres

    Property Features for 631 E National Ave

    General Information

    Size
    2,185 SF
    Lot size
    0.75 Acres

    Source: Cushman & Wakefield | Indianapolis Agent Carmen Thompson

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

    Overview

    Retail Space in Prime Location

    Two retail spaces are available for rent. One is a free-standing building with 1,846 square feet on a 1.25-acre lot. The other is a new construction space offering 2,185 square feet in white box condition. The latter was previously a bank and includes a drive-thru lane and ample parking. Zoning is T-3, allowing for retail, tourist, office, medical, and bank uses. Advertising opportunities are available through on-building and stand-alone signs. The property is located near the intersection of E National Ave (US-40) and US-59, centrally positioned within a prime retail trade area and shadow-anchored by Kroger.
    Insight Report Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Brazil
    County
    Clay
    State
    Indiana
    Longitude
    -87.119132
    Latitude
    39.525031

    Nearby Similar for Lease

    • $7,200 /Mo
      26,136 SF

      Versatile Retail/Warehouse Space in Brazil

      8,640 SF commercial building on high-traffic corner lot for lease.
      105 S Forest Ave, Brazil, IN 47834
      View Details
    • $1,400 /Mo
      2,614 SF

      Restaurant/Bar Space on Main Road

      Versatile restaurant/bar space with high visibility and traffic.
      13 W National Ave, Brazil, IN 47834
      View Details

    FAQs

    What type of property is this?
    Bank - Retail spaces available in high-traffic area near Kroger.
    Where is this bank located?
    The property is located at 631 E National Ave Brazil, IN.
    What are key features of this property?
    This property features: - Prime retail location near the intersection of E National Ave (US-40) and US-59, shadow-anchored by Kroger.; - Zoning T-3 allows for Retail, Tourist, Office, Medical, and Bank uses.; - Advertising opportunities with on-building and stand-alone signage.
    (317) 352-5430
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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
    631 E National Ave Brazil, IN 47834
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