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    Indianapolis Retail Investment Opportunity Title is generated by Realmo AI

    6302 E 82nd St, Indianapolis, IN

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    31,124 SF retail building in Indianapolis for sale.

    Type:RETAIL
    Property size:
    31,124 SF
    Lot size:
    2.57 Acres
    Price / SF:
    $138/SF
    Added:
    Aug 8, 2025
    Days on Market:
    310
    Last Refresh:
    May 19 at 9:33 pm

    Property Features for 6302 E 82nd St

    General Information

    Standard status
    Active
    Size
    31,124 SF
    Lot size
    2.57 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    David Roth
    David Roth

    Listing agent David Roth

    Listing office Kin Properties Inc.

    Listing date Aug 8, 2025

    Source Moodyscre

    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 Kin Properties Inc.

    HighLights

    • Prime investment opportunity.
    • Expansive 31,124 SF building offers immense potential.
    • Located in the heart of Indianapolis.
    • Zoned C4, suitable for Retail / Street Retail.
    • Two distinct spaces: Patel Brothers (14,967 SF) and Goodwill (16,157 SF).
    • Constructed in 1973.

    Overview

    This 31,124 SF building, constructed in 1973, is located in Indianapolis and is zoned C4. It presents an investment opportunity for a Retail / Street Retail investor. The building features two spaces: one spanning 14,967 SF and another covering 16,157 SF.

    Local Financial Insights For Retail

    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 $522.9k $16.80
    − Vacancy −$44.4k −$1.43
    EGI $478.4k $15.37
    − OpEx −$143.5k −$4.61
    NOI $334.9k $10.76
    31,124 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $4.78M
    $4.19M – $5.58M (±1% cap)
    NOI $334,907 @ 7.0% cap · market cap 7.79%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $7.75M
    $6.78M – $9.04M (±1% cap)
    NOI $542,305 @ 7.0% cap · market cap 12.61%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Patel Brothers Grocery & Convenience Store Goodwill Store Discount Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Castleton Square Mall South Entrance — Unnamed Road, Indianapolis, IN 46250
    • Castleton Place — 5838 E 82nd St, Indianapolis, IN 46250
    • Castle Run Shopping Center — 8315 Center Run Dr, Indianapolis, IN 46250
    • Castleton Shoppes Shopping Center — 6024-6066 82nd St, Indianapolis, IN 46250
    • Castleton — 8258 Center Run Dr, Indianapolis, IN 46250

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.059
    Latitude
    39.9069

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    FAQs

    What type of property is this?
    Shopping center - 31,124 SF retail building in Indianapolis for sale.
    Where is this shopping center located?
    The property is located at 6302 E 82nd St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $4,300,000.
    What are key features of this property?
    This property features: Prime investment opportunity.; Expansive 31,124 SF building offers immense potential.; Located in the heart of Indianapolis.
    (914) 610-5193 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing David Roth
    David Roth
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