Broad Ripple Commercial
For Sale
$890,000
710 E 52nd St, Indianapolis, IN 46205
Value-add commercial building in Broad Ripple with parking.
Property Size4,120 SF
Lot Size0.25 Acres
Price / SF$190.50
Days on Market194
Property Features for 710 E 52nd St
General Information
Standard status
Active
Size
4,120 SF
Class
C
Lot size
0.25 Acres
Property subtype
Retail
Building Details
Building Size
4,120 SF
Year Built
1930
Listing Agency:
Premier Commercial Real Estate Services, Inc.
Listed By:
Aditya Kumar
(317) 667-0877
Source:
Tcnworldwide
Added: Mar 27
Changed: Sep 5
Last Checked: Oct 5 at 5:22PM
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 Premier Commercial Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
This 4,672 square foot commercial building is located in Broad Ripple, one building off 52nd & College. Situated on a 0.25-acre lot, the property offers flexibility for various commercial uses, including retail, office, creative, showroom, or light warehouse. A dedicated rear parking lot provides 8 on-site spaces. The building also features rear garage access, suitable for deliveries, storage, or operational use. The property has strong structural fundamentals, including a new roof. The functional layout allows for reconfiguration or subdivision into multiple suites, creating the opportunity to increase rental income. This property is suitable for investors or owner-users seeking long-term upside in a thriving commercial corridor.
Key Highlights
- Prime location in Broad Ripple, one building off 52nd & College.
- Rare 0.25‑acre lot with dedicated rear parking (8 spaces).
- 4,672 SF building suitable for Retail, Office, Creative, Showroom, or Light Warehouse.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,684
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,233,680
$1.2M
Cap Rate 7%
$881,200
$881.2K
Cap Rate 9%
$685,378
$685.4K
Market Conditions
NOI Build-Up for 4,672 SF
Gross rent
$100.9K $21.60/SF
− Vacancy
−$18.7K −$4.00/SF
EGI
$82.2K $17.60/SF
− OpEx
−$20.6K −$4.40/SF
NOI
$61.7K $13.20/SF
Area
Indianapolis, IN
Vacancy
18.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,233,680
Cap Rate 7%
$881,200
Cap Rate 9%
$685,378
Alternative Uses
Best Use
Office B
$881.2K
$771.1K – $1.03M
NOI $61,684 @ 7.0% cap · market cap 6.93%
Second Best
Retail
$718.2K
$628.4K – $837.9K
NOI $50,273 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,405 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
689
Businesses Nearby
Explore this area
Business Placement
Demographics for 46205, IN
27,531
Population
14,756
Households
1.9
Avg Household Size
34
Median Age
51%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
4,440
Density / Sq Mi
$65,756
Median Household Income
$48,138
Median Earnings
$1,087
Median Rent
$278,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Value-add commercial building in Broad Ripple with parking.
Where is this retail property located?
The property is located at 710 E 52nd St Indianapolis, IN.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Prime location in Broad Ripple, one building off 52nd & College.; Rare 0.25‑acre lot with dedicated rear parking (8 spaces).; 4,672 SF building suitable for Retail, Office, Creative, Showroom, or Light Warehouse.
