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Freestanding Retail/Flex Building on 82nd

6609 E 82nd St Indianapolis, IN 46250

6609 E 82nd St, Indianapolis, IN, 46250
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19,600 SF retail/flex building with excellent connectivity.

Property Size19,600 SF
Lot Size1.34 Acres
Price / SF$107.14
AddedApr 30
Days on Market76
Last RefreshMay 8 at 3:33 am

Property Features for 6609 E 82nd St

General Information

Standard status
Active
Size
19,600 SF
Lot size
1.34 Acres
Property subtype
FLEX_R_AND_D

Listing office SVN | Northern Commercial

Listing date Apr 30, 2026

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 SVN | Northern Commercial


Investment Insights

Based on property information with market context.

This 19,600 square foot freestanding building is suitable for retail or flex space and offers visibility on 82nd Street. The property is situated on a 1.34 acre site with approximately 50 parking spaces. It features a new roof on the south portion of the building and new LED lighting throughout. The building provides connectivity to the I-69 and I-465 interchange. Loading and unloading are facilitated by two drive-in doors and a loading dock equipped with a leveler.

Key Highlights

  • High visibility location on 82nd Street.
  • Excellent connectivity to I‑69/I‑465 interchange.
  • 19,600 SF freestanding retail/flex building.

Local Financial Insights For Flex RnD

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 $329.3k $16.80
− Vacancy −$32.9k −$1.68
EGI $296.4k $15.12
− OpEx −$103.7k −$5.29
NOI $192.6k $9.83
19,600 SF · lease $16.80/SF/yr · vacancy 10.00% · expense 35.00%

Alternative Uses

Best Use
Retail
$3.01M
$2.64M – $3.52M (±1% cap)
NOI $210,904 @ 7.0% cap · market cap 10.04%
Second Best
Flex RnD
$2.75M
$2.41M – $3.21M (±1% cap)
NOI $192,629 @ 7.0% cap · market cap 9.17%
Theoretical Best
Office A
$4.88M
$4.27M – $5.69M (±1% cap)
NOI $341,510 @ 7.0% cap · market cap 16.26%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Hokushin Judo Gym & Fitness Center Tech Environments LLC IT Consulting Firm Apprentec Electronics & Wireless Store Six Blades Jiu ... Training Center Midwest Living Management Property Management Company

Suggested Use

Garden Center (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Wine and Liquor Store Florist (Bike/Boat/Book/etc) Store Veterinary Clinic Bed & Breakfast Pet Store Pet Store & Service

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

Similar Off Market Nearby

  • Asian Chao — 6020 82nd St #1010, Indianapolis, IN 46250
  • International Food Catering Service — 6816 E 82nd St, Indianapolis, IN 46250
  • Paco's Taqueria - Food Truck — 6816 E 82nd St, Indianapolis, IN 46250

FAQs

What type of property is this?
Flex space - 19,600 SF retail/flex building with excellent connectivity.
Where is this flex space located?
The property is located at 6609 E 82nd St Indianapolis, IN.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: High visibility location on 82nd Street.; Excellent connectivity to I‑69/I‑465 interchange.; 19,600 SF freestanding retail/flex building.
Contact an agent
(317) 863-9271 Call to check price and availability
More about this property
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