12-Space Auto Flex
For Sale
Contact for pricing
3402 Shadeland Ave, Indianapolis, IN 46226
C4-zoned flex property with multiple suites, offices, restrooms, parking, and secured rear storage.
Property Size12,275 SF
Lot Size1.16 Acres
Days on Market143
Property Features for 3402 Shadeland Ave
General Information
Standard status
Active
Size
12,275 SF
Lot size
1.16 Acres
Property subtype
Retail
Zoning
C4
Occupancy
92%
Net Operating Income
$195,000
Financials
Asking Price
$1,650,000
Cap Rate
11.8%
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Amenities
Guest waiting area
Pole signage
Building Details
Buildings
1
Building Size
12,275 SF
Tenancy
Multi
Listing Agency:
Jackson Investment Group
(317) 340-3969
Listed By:
Terina Widner · License #IN
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 10:23AM
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 Jackson Investment Group
Investment Insights
Based on property information with market context.
This auto-oriented flex property includes a 12,275-square-foot building on 1.16 acres, currently configured as 12 separate flex spaces. One space is vacant, while the remaining suites are occupied under one-year leases with 60-day termination notice provisions. The building includes multiple restrooms, office areas, and a guest waiting area suited to a multi-suite operating format.
Site improvements include a fenced rear storage lot, front and side parking, and pole signage. The property is zoned C4 and is located at 3402 Shadeland Ave in Indianapolis, Indiana. Current operating figures include a $195,000 NOI, an 11.8% cap rate, and current operating expenses of $2.93 per square foot.
Site improvements include a fenced rear storage lot, front and side parking, and pole signage. The property is zoned C4 and is located at 3402 Shadeland Ave in Indianapolis, Indiana. Current operating figures include a $195,000 NOI, an 11.8% cap rate, and current operating expenses of $2.93 per square foot.
Key Highlights
- 12,275‑square‑foot building on 1.16 acres
- 12 flex spaces; only one space is currently vacant
- One‑year tenant leases with 60‑day termination notice provisions
Property Analytics
Property Profile
Current Use
Lease Details
91.7%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46226, IN
43,997
Population
21,380
Households
2.1
Avg Household Size
35
Median Age
24%
College-Educated
81%
High-School Grad
14.8 sq mi
ZIP Area
2,973
Density / Sq Mi
$47,086
Median Household Income
$34,225
Median Earnings
$1,045
Median Rent
$148,900
Median Home Value
Market
Vacancy Rate% for Industrial in Indianapolis, IN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - C4-zoned flex property with multiple suites, offices, restrooms, parking, and secured rear storage.
Where is this flex space located?
The property is located at 3402 Shadeland Ave Indianapolis, IN.
What are key features of this property?
This property features: 12,275‑square‑foot building on 1.16 acres; 12 flex spaces; only one space is currently vacant; One‑year tenant leases with 60‑day termination notice provisions
