Indianapolis Bar For
For Sale
$450,000
2023 Southeastern Avenue, Indianapolis, IN 46201
Bar for sale at Southeastern and Harlan corner.
Property Size2,506 SF
Days on Market846
Property Features for 2023 Southeastern Avenue
General Information
Standard status
Active
Size
2,506 SF
Zoning
C1
Amenities
Separate Meters
Attached
Building Details
Building Size
2,506 SF
Year Built
1920
Stories
1
Listing Agency:
Keller Williams Indy South
Listed By:
Shelly Johnson · License #RB14043056
(317) 882-5900
Source:
Evrealestate
Added: Jun 23, 2024
Changed: Oct 7
Last Checked: Oct 14 at 11:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Indy South
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Investment Insights
Based on property information with market context.
Located at the southwest corner of Southeastern Avenue and Harlan in Indianapolis, this property is suitable for use as a bar. The property is accessible from I65/I70, heading southeast on Southeastern Avenue.
Key Highlights
- Located at the corner of Southeastern and Harlan for easy access.
- Attached parking for your convenience.
- Built in 1920, offering historic charm and character.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,294
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,880
$625.9K
Cap Rate 7%
$447,057
$447.1K
Cap Rate 9%
$347,711
$347.7K
Market Conditions
NOI Build-Up for 2,506 SF
Gross rent
$45.1K $18.00/SF
− Vacancy
−$3.4K −$1.35/SF
EGI
$41.7K $16.65/SF
− OpEx
−$10.4K −$4.16/SF
NOI
$31.3K $12.49/SF
Area
Indianapolis, IN
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,880
Cap Rate 7%
$447,057
Cap Rate 9%
$347,711
Alternative Uses
Best Use
Specialty Retail
$447.1K
$391.2K – $521.6K
NOI $31,294 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$623.8K
$545.8K – $727.8K
NOI $43,665 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
694
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46201, IN
31,408
Population
17,145
Households
1.8
Avg Household Size
34
Median Age
26%
College-Educated
78%
High-School Grad
5.6 sq mi
ZIP Area
5,609
Density / Sq Mi
$43,183
Median Household Income
$36,951
Median Earnings
$929
Median Rent
$150,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Indianapolis, IN
Similar Off Market Nearby
- Cooktail Lounge — 1077 shelby st, indianapolis, in 46203
- The Commodore — 1096 Prospect St, Indianapolis, IN 46203
- The Rooftop Garden — 5th Floor, 1105 Prospect St, Indianapolis, IN 46203
- Sam's Silver Circle — 1102 Fletcher Ave, Indianapolis, IN 46203
- Indy bar and grill — 2409 English Ave, Indianapolis, IN 46201
Frequently Asked Questions
What type of property is this?
Bar & Pub - Bar for sale at Southeastern and Harlan corner.
Where is this bar & pub located?
The property is located at 2023 Southeastern Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Located at the corner of Southeastern and Harlan for easy access.; Attached parking for your convenience.; Built in 1920, offering historic charm and character.
