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Indianapolis Retail/Commercial Building For Sale
For Sale
$299,000
Pending

3702 West 16th Street, Indianapolis, IN 46222

6,420 SF building near Indianapolis Motor Speedway with C-4 zoning.

Property Size6,420 SF
Days on Market134

Property Features for 3702 West 16th Street

General Information

Standard status Pending
Size 6,420 SF
Property subtype Retail
Listing Agency: CBRE | Indianapolis
Listed By: Jeff Merritt · License #RB14033827
Source: Cbre
Added: Mar 25 Changed: Jul 10 Last Checked: Aug 4 at 9:09AM

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

Investment Insights

Based on property information with market context.

Located minutes from the Indianapolis Motor Speedway, this 6,420-SF building is zoned C-4, offering flexibility for various businesses. The property includes one drive-in door and a new roof installed in 2024. The C-4 zoning permits a wide array of uses, including day care facilities, religious institutions, training facilities, medical and treatment centers, animal care services, food and beverage establishments, farmers markets, consumer services, salon services, laundromats, printing services, tattoo parlors, and retail sales. The location benefits from high traffic volume and year-round events at the Speedway.

Key Highlights

  • C‑4 zoning allows for a wide array of permitted uses
  • Located minutes from Indianapolis Motor Speedway, capitalizing on high traffic
  • 6,420 SF Building offers substantial space

Property Analytics

Current Use

ATD Gifts & More (Bike/Boat/Book/etc) Store Mobile Garage Indy Auto Repair Shop Dakomfort Zone Restaurant

Suggested Use

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

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

Location Intelligence

Trade Area within ½ mile

308
Businesses Nearby

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

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - 6,420 SF building near Indianapolis Motor Speedway with C-4 zoning.
Where is this retail space located?
The property is located at 3702 West 16th Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: C‑4 zoning allows for a wide array of permitted uses; Located minutes from Indianapolis Motor Speedway, capitalizing on high traffic; 6,420 SF Building offers substantial space
More about this property
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