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Freestanding Automotive Facility
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227 West 38th Street, Indianapolis, IN 46208

Corner-positioned property offers three-way access, direct curb cuts, and flexible automotive or redevelopment potential.

Space Size1,440 SF
Lot Size0.24 Acres
Days on Market20

Property Features for 227 West 38th Street

General Information

Standard status Active
Size 1,440 SF
Lot size 0.24 Acres
Property subtype Retail

Site & Location

Corner Location Yes
Traffic Count 41,000 vehicles/day
Road Access Yes

Additional Details

Space Use Automotive

Building Details

Building Size 1,440 SF
Year Built 1949
Tenancy Single
Abandoned No

Spaces For Lease

at 227 West 38th Street Contact us

Space 1

Size
1,440 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: ALL-IN-ONE REAL ESTATE SERVICES
Listed By: Janna Ascasio · License #01824217
Source: Crexi
Added: Aug 11 Changed: Aug 30 Last Checked: Aug 30 at 1:52AM

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 ALL-IN-ONE REAL ESTATE SERVICES

Investment Insights

Based on property information with market context.

This freestanding automotive facility occupies a 0.24-acre corner lot at the intersection of W 38th Street and Graceland Avenue. Direct curb cuts support convenient vehicle entry and exit, while access is available from the primary street, side street, and rear alley. Built in 1949, the property is currently occupied and available for drive-by inspection only.

The site is positioned within the W. 38th Street retail corridor, with reported traffic of 41,000+ vehicles per day. Nearby businesses include Shell, Express Car Wash, McDonald's, Subway, Family Dollar, AutoZone, Taco Bell, Popeyes, White Castle, Walgreens, Rally's, Domino's, and Dunkin'. The Indiana State Fairgrounds is also nearby and draws more than 850,000 annual visitors.

Lease proposals may include an operating lease or ground lease, and redevelopment concepts identified for the site include drive-thru beverage, quick-service restaurant, urgent care, medical retail, convenience, and boutique retail uses. A tenant improvement allowance is available for qualified tenants, subject to credit approval.

Key Highlights

  • Auto shop on a 0.24‑acre corner lot at 227 West 38th Street, Indianapolis, IN 46208
  • Reported exposure to 41,000+ vehicles per day
  • Direct curb cuts with entry from W 38th Street, Graceland Avenue, and the rear alley

Property Analytics

Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store Kitchen & Bath Showroom Building Supply Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

41,000 VPD
Traffic count
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

302
Businesses Nearby
Balanced
Demand for This Use

Demographics for 46208, IN

23,996
Population
11,619
Households
2.1
Avg Household Size
31
Median Age
40%
College-Educated
93%
High-School Grad
6.9 sq mi
ZIP Area
3,478
Density / Sq Mi
$55,435
Median Household Income
$34,125
Median Earnings
$1,075
Median Rent
$206,000
Median Home Value

Market

Vacancy Rate% for Retail in Indianapolis, IN

6.6% 2019
7.4% 2020
6.4% 2021
5% 2022
4.7% 2023
4.6% 2024
4.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Auto shop - Corner-positioned property offers three-way access, direct curb cuts, and flexible automotive or redevelopment potential.
Where is this auto shop located?
The property is located at 227 West 38th Street Indianapolis, IN.
What are key features of this property?
This property features: Auto shop on a 0.24‑acre corner lot at 227 West 38th Street, Indianapolis, IN 46208; Reported exposure to 41,000+ vehicles per day; Direct curb cuts with entry from W 38th Street, Graceland Avenue, and the rear alley
More about this property
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