Mixed-Use Property with
For Sale
$1,975,000
6280 N Shadeland, Indianapolis, IN 46220
General Commercial zoning accommodates professional services and retail operations in a flexible business setting.
Property Size7,377 SF
Price / SF$267.72
Days on Market52
Property Features for 6280 N Shadeland
General Information
Standard status
Active
Size
7,377 SF
Zoning
General Commercial
Additional Details
Highway Access
Yes
Amenities
private balcony
three separate entrances
Building Details
Year Built
2000
Buildings
1
Tenancy
Multi
Listing Agency:
eXp Realty, LLC
Listed By:
Barinder Singh · License #RB22001604
(317) 531-1209
Source:
Eveloteam
Added: Aug 17
Changed: Oct 7
Last Checked: Oct 5 at 9:31PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
Built in 2000, this 7,377-square-foot mixed-use property combines a modern commercial building with a finished basement currently leased for primary care and physical therapy use. Three separate entrances support distinct access points for occupants, business divisions, or customers. Interior finishes and a functional layout create a professional setting for commercial operations, while the private balcony adds outdoor space overlooking the rear surroundings.
The property is located at 6280 N Shadeland in Indianapolis, near Community Hospital North and I-465. General Commercial zoning supports the professional services and retail operations identified for the building. The leased basement provides an existing income component, while the remaining configuration accommodates an owner-user or multiple occupants.
The property is located at 6280 N Shadeland in Indianapolis, near Community Hospital North and I-465. General Commercial zoning supports the professional services and retail operations identified for the building. The leased basement provides an existing income component, while the remaining configuration accommodates an owner-user or multiple occupants.
Key Highlights
- 7,377‑square‑foot mixed‑use property built in 2000
- Finished basement leased for primary care and physical therapy use
- Three separate entrances provide flexible access for occupants and customers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,730
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,954,600
$2.0M
Cap Rate 7%
$1,396,143
$1.4M
Cap Rate 9%
$1,085,889
$1.1M
Market Conditions
NOI Build-Up for 7,377 SF
Gross rent
$177.0K $24.00/SF
− Vacancy
−$14.2K −$1.92/SF
EGI
$162.9K $22.08/SF
− OpEx
−$65.2K −$8.83/SF
NOI
$97.7K $13.25/SF
Area
Indianapolis, IN
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,954,600
Cap Rate 7%
$1,396,143
Cap Rate 9%
$1,085,889
Alternative Uses
Best Use
Healthcare Medical
$1.40M
$1.22M – $1.63M
NOI $97,730 @ 7.0% cap · market cap 4.95%
Second Best
Office B
$1.39M
$1.22M – $1.62M
NOI $97,399 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,537 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
Explore this area
Business Placement
Demographics for 46220, IN
36,078
Population
17,524
Households
2.1
Avg Household Size
37
Median Age
67%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
3,084
Density / Sq Mi
$103,735
Median Household Income
$58,867
Median Earnings
$1,330
Median Rent
$329,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Indianapolis, IN
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Frequently Asked Questions
What type of property is this?
Mixed-use property - General Commercial zoning accommodates professional services and retail operations in a flexible business setting.
Where is this mixed-use property located?
The property is located at 6280 N Shadeland Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: 7,377‑square‑foot mixed‑use property built in 2000; Finished basement leased for primary care and physical therapy use; Three separate entrances provide flexible access for occupants and customers
