Auto Body Shop with 10-Foot
8 N Sheridan Avenue, Indianapolis, IN 46219
For Sale
$225,000
A solid-block service building offers an open work area, a front office, and a rear restroom.
Property Size1,950 SF
Price / SF$115.38
Days on Market312
Property Features for 8 N Sheridan Avenue
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Tenancy & Operations
Currently Operating
Real Estate Included
Additional Details
Business Included
Automotive Uses
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Berkshire Hathaway Home
Listed By:
Barry Delk
Source:
Anniescottrealty
Added: Jan 2
Changed: Nov 7
Last Checked: Nov 8 at 2:06PM
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 Berkshire Hathaway Home
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Investment Insights
Based on property information with market context.
This 1,950-square-foot auto body shop dates to 1928 and is built with solid block. The interior includes an open work area sized for 4–5 vehicles, an 11-by-9-foot office at the front, and a 6-by-6-foot restroom area at the rear. A 10-foot overhead door provides access to the workspace. An air compressor and miscellaneous equipment are included; some contents will be removed before sale.
The exterior has been painted, and the rubber roof and driveway were completed within the last 10–12 years. The building needs general updates, including work to the bathroom, plumbing, electrical, and heating systems. Prior overhead natural gas heating units require repair or replacement. The property is offered as-is. A survey is included, and a property-line correction was deeded in December 2023. The corner lot is not part of the sale.
The exterior has been painted, and the rubber roof and driveway were completed within the last 10–12 years. The building needs general updates, including work to the bathroom, plumbing, electrical, and heating systems. Prior overhead natural gas heating units require repair or replacement. The property is offered as-is. A survey is included, and a property-line correction was deeded in December 2023. The corner lot is not part of the sale.
Key Highlights
- 1,950‑square‑foot solid‑block auto body shop built in 1928
- 10‑foot overhead door and open work area with capacity for 4–5 vehicles
- Front office measures 11x9; rear bathroom space measures 6x6
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,721
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$194,420
$194.4K
Cap Rate 7%
$138,871
$138.9K
Cap Rate 9%
$108,011
$108.0K
Market Conditions
NOI Build-Up for 1,950 SF
Gross rent
$15.2K $7.80/SF
− Vacancy
−$1.3K −$0.68/SF
EGI
$13.9K $7.12/SF
− OpEx
−$4.2K −$2.14/SF
NOI
$9.7K $4.98/SF
Area
Indianapolis, IN
Vacancy
8.70%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$194,420
Cap Rate 7%
$138,871
Cap Rate 9%
$108,011
Alternative Uses
Best Use
Retail
$299.8K
$262.3K – $349.7K
NOI $20,983 @ 7.0% cap · market cap 9.33%
Second Best
Industrial
$138.9K
$121.5K – $162.0K
NOI $9,721 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$485.4K
$424.7K – $566.3K
NOI $33,977 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46219, IN
36,556
Population
17,028
Households
2.1
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
13.0 sq mi
ZIP Area
2,812
Density / Sq Mi
$57,811
Median Household Income
$38,995
Median Earnings
$991
Median Rent
$177,000
Median Home Value
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Market
Properties on Market for Auto shops in Indianapolis
Vacancy Rate% for Retail in Indianapolis, IN
Similar Off Market Nearby
- Garners Towing Services — 411 S Ritter Ave, Indianapolis, IN 46219
- Zore's Inc. — 301 S Kitley Ave, Indianapolis, IN 46219
- Los Dos Amigos Shop Llc — 6033 E Washington St, Indianapolis, IN 46219
- Delks Body Shop — 8 N Sheridan Ave, Indianapolis, IN 46219
- Morales Servicio Mecanico — 6058 E Washington St, Indianapolis, IN 46219
Frequently Asked Questions
What type of property is this?
Auto shop - A solid-block service building offers an open work area, a front office, and a rear restroom.
Where is this auto shop located?
The property is located at 8 N Sheridan Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,950‑square‑foot solid‑block auto body shop built in 1928; 10‑foot overhead door and open work area with capacity for 4–5 vehicles; Front office measures 11x9; rear bathroom space measures 6x6
