3301 S E ST Indianapolis, IN 46228
Single-story flex, showroom, and retail building with Madison Avenue and S. East Street frontage in Indianapolis.
- Added:
- May 29, 2026
- Days on Market:
- 45
- Last Refresh:
- Jun 6 at 5:23 am
Property Features for 3301 S E ST
General Information
- Standard status
- Active
- Size
- 16,979 SF
- Lot size
- 1.24 Acres
- Property subtype
- Retail, Industrial
Building Details
- Year Built
- 1953
Listing office Harshman Property Services LLC
Listing date May 29, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Harshman Property Services LLC
Investment Insights
Based on property information with market context.
The building has frontage along Madison Avenue and S. East Street and is located in the Gateway South District of Indianapolis. An existing lease is in place with First Cash Pawn (National tenant), providing an occupied arrangement for an investor or owner-operator seeking income potential tied to the current tenancy.
For tenants and buyers, the combination of flex-style space and storefront retail usage can support a range of retail and service concepts that benefit from direct access and visible street exposure. The one-story configuration may also simplify customer access and operations compared with multi-level formats. With the property already operating under an active lease, it may be best suited for an ownership transition that accommodates the current tenant’s presence while planning for future use or continued occupancy.
Key Highlights
- 16,979 SF one‑story flex/showroom/retail building
- Located on 1.24 acres with frontage along Madison Avenue and S. East Street
- Gateway South District
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $132.4k | $7.80 |
| − Vacancy | −$11.5k | −$0.68 |
| EGI | $120.9k | $7.12 |
| − OpEx | −$36.3k | −$2.14 |
| NOI | $84.6k | $4.98 |
