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    5285 38Th St Indianapolis, IN 46218

    Sponsored
    For Lease
    Contact for pricing

    High-visibility retail space, ideal for various uses.

    Lot size:
    8,320 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8,320-square-foot retail property, located at 5285 E 38th Street in Indianapolis, Indiana, presents a rare sublease opportunity. Previously occupied by a Family Dollar Store, this single-tenant building boasts high visibility and convenient access from East 38th Street. Its strategic location along the IndyGo bus line ensures excellent accessibility for customers. The property is zoned C-3, offering flexibility for a wide array of commercial uses beyond retail, making it an attractive investment for diverse businesses. The Marion County location, with APN 49-07-22-110-229.000-701, provides a strong foundation for growth and success. The building's size and prominent street frontage make it an ideal location for businesses seeking high foot traffic and brand visibility. This is a unique chance to acquire a well-situated property in a thriving Indianapolis neighborhood, offering significant potential for return on investment. The property's zip code is 46218. Serious inquiries are encouraged to explore this exciting opportunity.

    Property Features for 5285 38Th St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,320 SF

    Unit(s) available at that property

    Space
    Size
    8,320 SF

    HighLights

    • 8,320 SF vacant Family Dollar sublease opportunity, expiring 3/31/2032.
    • Conveniently located on a newly improved IndyGo bus route.
    • Features two restrooms.
    • C‑3 zoning.
    • Pylon signage available on 38th Street.
    • On‑site parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Family Dollar Dollar Store

    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
    -86.0794412
    Latitude
    39.8251742

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    FAQs

    What type of property is this?
    Retail property - High-visibility retail space, ideal for various uses.
    Where is this retail property located?
    The property is located at 5285 38Th St Indianapolis, IN.
    What are key features of this property?
    This property features: 8,320 SF vacant Family Dollar sublease opportunity, expiring 3/31/2032.; Conveniently located on a newly improved IndyGo bus route.; Features two restrooms.
    Request Owner's contact information
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    Indianapolis, IN 46218
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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
    5285 38Th St Indianapolis, IN 46218
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