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    1440 Madison Ave Indianapolis, IN 46225

    For Sale
    Contact for pricing

    Prime Indy location, 4,000 SF storefront

    Property size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 4,000 square foot freestanding retail storefront building is ideally situated just south of Indianapolis' Central Business District, in the thriving Bates Hendricks neighborhood. Constructed in 2009, this Class B property boasts a highly visible location with over 17,000 vehicles passing daily. Currently 100% occupied, the lease expires September 1st, 2024, presenting a unique opportunity for a new tenant. The building features single-story construction and is zoned MU-2 (Mixed Use - Neighborhood Focused), allowing for a diverse range of uses including retail, office, medical, and food establishments. Its institutional-quality construction ensures durability and functionality. The property's prime location and flexible zoning make it an attractive investment for businesses seeking high visibility and accessibility. The possibility of adding a drive-through is currently under investigation, further enhancing its potential. This is a rare opportunity to acquire a well-maintained, high-traffic retail space in a rapidly growing area of Indianapolis.

    Property Features for 1440 Madison Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,000 SF
    Class
    B

    Building Details

    Year Built
    2009
    Buildings
    1
    Stories
    1

    HighLights

    • 4,000 SF building with institutional‑grade construction.
    • MU2 zoning allows diverse uses.
    • High traffic count: 17,000+ vehicles per day.
    • Prime location south of Downtown Indianapolis.
    • Excellent visibility and accessibility.
    • Suitable for retail, medical, or food service tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Indiana Bureau of Motor ... License Bureau Indianapolis - Madison Ave ... Department Of Motor Vehicles

    Suggested Use

    Realty agency Law Firm Restaurant 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
    -86.154512385917
    Latitude
    39.747075418693

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    FAQs

    What type of property is this?
    Individual retail property - Prime Indy location, 4,000 SF storefront
    Where is this individual retail property located?
    The property is located at 1440 Madison Ave Indianapolis, IN.
    What are key features of this property?
    This property features: 4,000 SF building with institutional-grade construction.; MU2 zoning allows diverse uses.; High traffic count: 17,000+ vehicles per day.
    Request Owner's contact information
    1440 Madison Ave Indianapolis, IN 46225
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    Indianapolis, IN 46225
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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
    1440 Madison Ave Indianapolis, IN 46225
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