7102 Kentucky Avenue, Indianapolis, IN 46113

Listing agent Justus Hodges Show Phone

Listing office Just Homes Realty Show Phone

Listing date May 15, 2026

Source Exprealty

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Overview

This property is a four-unit retail building offered for sale, with three of the units currently vacant and available for lease-up at market rates. The fourth unit is occupied by an established barbershop, and the seller has indicated willingness to execute a market-rate lease-back at closing, providing in-place income to the new owner from day one.

The asset is located at 7102 Kentucky Avenue in Indianapolis, IN 46113.

For buyers seeking immediate occupancy and controlled leasing timelines, the structure offers a mix of current cash flow (from the barbershop unit) and additional leasing opportunity through the three vacant units. The remarks cite achievable upside rents of $15.00/SF gross; under full lease-up, projected NOI is approximately $37,300 annually. The seller also states the offering is priced at approximately $88 per square foot, described as below the reported cost to construct comparable retail space new. For qualified purchasers, the listing references SBA 504 financing where, depending on eligibility, as little as $35,000 down may be available to secure ownership of an income-producing commercial property, with the additional units positioned as rental upside.

Suggested Use

Restaurant Real Estate Agency Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Department Store Kitchen & Bath Showroom

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

Location Insight

• Map
• Local Demand

City

Indianapolis

County

Hamilton

State

Indiana

Longitude

-86.299058

Latitude

39.670417

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FAQs

What type of property is this?

Retail space - Three units are vacant for lease-up, with a barbershop tenant offering potential lease-back at closing.

Where is this retail space located?

The property is located at 7102 Kentucky Avenue Indianapolis, IN.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: 4‑unit commercial property with 3 vacant units available for lease‑up at market rates; Fourth unit currently occupied by an established barbershop; seller indicated willingness for a market‑rate lease‑back at closing; At $15.00/SF gross achievable rents, full lease‑up projected to generate approximately $37,300 annual NOI