Retail
For Sale
Contact for pricing
3017 Kentucky, Indianapolis, IN 46221
The property accommodates retail, service, and other permitted business uses.
Property Size2,500 SF
Price / SF$0.58
Days on Market56
Property Features for 3017 Kentucky
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Retail
Site & Location
Neighborhood
Mars Hill
Building Details
Year Built
1950
Listing Agency:
Plum Tree Realty
(513) 378-4663
Listed By:
Robert Davenport
Source:
Locksteprealty
Added: Sep 4
Changed: Oct 28
Last Checked: Oct 28 at 2:47PM
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 Plum Tree Realty
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Investment Insights
Based on property information with market context.
This 2,500-square-foot retail space at 3017 Kentucky Avenue was built in 1950. The property is described as suitable for retail, service, and other permitted business uses.
Key Highlights
- 2,500‑square‑foot retail space
- Built in 1950
- Located at 3017 Kentucky Avenue, Indianapolis, IN 46221
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,901
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,020
$538.0K
Cap Rate 7%
$384,300
$384.3K
Cap Rate 9%
$298,900
$298.9K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$42.0K $16.80/SF
− Vacancy
−$3.6K −$1.43/SF
EGI
$38.4K $15.37/SF
− OpEx
−$11.5K −$4.61/SF
NOI
$26.9K $10.76/SF
Area
Indianapolis, IN
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,020
Cap Rate 7%
$384,300
Cap Rate 9%
$298,900
Alternative Uses
Best Use
Retail
$384.3K
$336.3K – $448.4K
NOI $26,901 @ 7.0% cap · market cap 1,855.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$622.3K
$544.5K – $726.0K
NOI $43,560 @ 7.0% cap · market cap 3,004.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
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Business Placement
Demographics for 46221, IN
27,991
Population
11,120
Households
2.5
Avg Household Size
35
Median Age
16%
College-Educated
85%
High-School Grad
20.0 sq mi
ZIP Area
1,400
Density / Sq Mi
$58,316
Median Household Income
$40,665
Median Earnings
$1,111
Median Rent
$174,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Retail space - The property accommodates retail, service, and other permitted business uses.
Where is this retail space located?
The property is located at 3017 Kentucky Indianapolis, IN.
What are key features of this property?
This property features: 2,500‑square‑foot retail space; Built in 1950; Located at 3017 Kentucky Avenue, Indianapolis, IN 46221
