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    5630 Georgetown Rd Indianapolis, IN 46254

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    1,530 SF Freestanding Building - Indianapolis

    Lot size:
    1,530 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 1,530-square-foot freestanding retail building, located at 5630 Georgetown Road in Indianapolis, Indiana, presents a unique investment opportunity. Built in 1991, the property sits on a 0.49-acre lot and is zoned C4. Currently vacant, the entire 1,530 square feet is available for sale, lease, or renovation to suit a tenant's needs. The property is ideally suited for a restaurant with a drive-thru, given the owner's willingness to accommodate such renovations. Oil and lube businesses are restricted. The location boasts high visibility along Georgetown Road and benefits from numerous nearby amenities, including retail centers, restaurants, and hotels, ensuring high traffic and strong potential for success. The property's address is 5630 Georgetown Road, Indianapolis, IN 46254, within Marion County. This prime location offers excellent exposure and accessibility for any business seeking a prominent presence in a thriving area. The building's existing structure provides a solid foundation for a variety of commercial uses, making it an attractive option for both investors and entrepreneurs. The opportunity to customize the space to meet specific business requirements adds significant value to this already desirable property.

    Property Features for 5630 Georgetown Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,530 SF

    Building Details

    Year Built
    1991

    Unit(s) available at that property

    Space
    Available space
    Size
    1,530 SF

    HighLights

    • High visibility from Georgetown Road.
    • Strong demographics in the immediate trade area.
    • Convenient access to I‑465 and I‑65.
    • Located within 15 minutes of Indianapolis International Airport.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jiffy Lube Oil Change Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.2405676
    Latitude
    39.8546229

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    FAQs

    What type of property is this?
    Retail property - 1,530 SF Freestanding Building - Indianapolis
    Where is this retail property located?
    The property is located at 5630 Georgetown Rd Indianapolis, IN.
    What are key features of this property?
    This property features: High visibility from Georgetown Road.; Strong demographics in the immediate trade area.; Convenient access to I-465 and I-65.
    Request Owner's contact information
    5630 Georgetown Rd Indianapolis, IN 46254
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    Indianapolis, IN 46254
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5630 Georgetown Rd Indianapolis, IN 46254
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