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Two-Building Storefront Property

3047-3055 W 16th St, Indianapolis, IN 46222

For Sale
Contact for pricing

The site combines two structures with access to downtown Indianapolis, Speedway, and I-65.

Property SizeContact for details
Days on Market39

Property Features for 3047-3055 W 16th St

General Information

Standard status Active
Property subtype Retail

Site & Location

Neighborhood Near Westside
Highway Access Yes

Building Details

Buildings 2
Listing Agency: CBRE - Indianapolis
Listed By: Jeff Merritt · License IN RB14033827
Source: Crexi
Added: Oct 7 Changed: Nov 8 Last Checked: Nov 12 at 6:15AM

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 CBRE - Indianapolis

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This storefront property consists of two buildings at 3047-3055 W 16th St in Indianapolis. Its position along West 16th Street places the site within the city’s near-west area, among established residential neighborhoods and local businesses.

The property offers access to downtown Indianapolis, Speedway, and Interstate 65. Its two-building configuration and urban setting are the central features of the site.

Key Highlights

  • Two‑building storefront property
  • Frontage along West 16th Street
  • Access to downtown Indianapolis, Speedway, and Interstate 65

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Plumbing Service Skin Care Clinic (Bike/Boat/Book/etc) Store

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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

421
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46222, IN

37,185
Population
15,782
Households
2.4
Avg Household Size
31
Median Age
17%
College-Educated
78%
High-School Grad
11.0 sq mi
ZIP Area
3,380
Density / Sq Mi
$45,198
Median Household Income
$30,548
Median Earnings
$1,050
Median Rent
$104,300
Median Home Value

Market

Average Price Trend$/SF for Storefront properties in Indianapolis, IN

$146 Jul
$144 Aug
$186 Sep
$156 Oct

Properties on Market for Storefront properties in Indianapolis

Jul
Aug
Sep
Oct

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

Similar Off Market Nearby

  • J Mays House of Flowers — 954 n traub ave, indianapolis, in 46222

Frequently Asked Questions

What type of property is this?
Storefront property - The site combines two structures with access to downtown Indianapolis, Speedway, and I-65.
Where is this storefront property located?
The property is located at 3047-3055 W 16th St Indianapolis, IN.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two‑building storefront property; Frontage along West 16th Street; Access to downtown Indianapolis, Speedway, and Interstate 65
(317) 269-1040 Call to check price and availability
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