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Grocery Store & Mobile Home

5209 Massachusetts Ave, Indianapolis, IN 46218

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For Sale

$950,000

Value-add opportunity: grocery store and mobile home park on 9 acres.

Lot size:

7.00 Acres

HighLights

Value‑add opportunity with active mobile home park license and 50 permitted lots.
9 acres of land including retail space.
Established business (Chucks Market and MHP) operating for 50 years.
Zoned I‑2 with entrances off Mass Ave or 30th St.
10 active tenants paying $350/month on month‑to‑month leases.
Flood insurance not required.

We can help!

Listing Contact

Justin Griffith

For Sale

$950,000

Value-add opportunity: grocery store and mobile home park on 9 acres.

Lot size:

7.00 Acres

Added:: Jun 21, 2024
Days on Market:: 724
Last Refresh:: Jan 20 at 10:10 am

Property Features for 5209 Massachusetts Ave

General Information

Standard status: Active
Lot size: 7.00 Acres

We can help!

Listing Contact

Justin Griffith

Listing agent Justin Griffith License #RB14047020

Listing office Keller Williams Indy Metro NE

Listing date Jun 21, 2024

Source Exprealty

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All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Indy Metro NE

HighLights

Value‑add opportunity with active mobile home park license and 50 permitted lots.
9 acres of land including retail space.
Established business (Chucks Market and MHP) operating for 50 years.
Zoned I‑2 with entrances off Mass Ave or 30th St.
10 active tenants paying $350/month on month‑to‑month leases.
Flood insurance not required.

Overview

This property presents a value-add opportunity featuring a local grocery store and a mobile home park. The total land area encompasses 9 acres, including the plot with the retail space. The mobile home park has 50 permitted lots and an active license. Currently, there are 10 active tenants, each paying $350 per month on a month-to-month basis. Zoned I-2, the property offers entrances from both Massachusetts Avenue and 30th Street. The grocery store and mobile home park have been operating for 50 years. A small creek runs through the property, and flood insurance is not required.

Property Profile Location Intelligence

Current Use by Public Records

Chuck's Market Grocery & Convenience Store

Suggested Use

Location Insight

Map
Local Demand

City: Indianapolis
County: Hamilton
State: Indiana
Longitude: -86.0802
Latitude: 39.8116

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For sale
Grocery and convenience stores
IN
Indianapolis
46218
5209 Massachusetts Ave

What type of property is this?

Grocery and convenience store - Value-add opportunity: grocery store and mobile home park on 9 acres.

Where is this grocery and convenience store located?

The property is located at 5209 Massachusetts Ave Indianapolis, IN.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: Value‑add opportunity with active mobile home park license and 50 permitted lots.; 9 acres of land including retail space.; Established business (Chucks Market and MHP) operating for 50 years.