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    7216 Keystone Ave Indianapolis, IN 46240

    Sponsored
    For Lease
    $20 SF/Yr

    Indianapolis Retail: 2,000-4,500 SF Available

    Lot size:
    4,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail opportunity is located at 7216 N Keystone Ave in Indianapolis, Indiana, 46240. The property is zoned C4 and offers a flexible space ranging from 2,000 to 4,500 square feet, currently with 4,500 square feet vacant. The building features a multi-tenant configuration, ideal for a variety of retail businesses. The space underwent renovations in 2005, ensuring modern amenities and a well-maintained environment. A significant advantage is the property's prime location directly across from a Walmart, guaranteeing high visibility and foot traffic. An adjacent space of 1,850 square feet offers potential for expansion, allowing for a combined total of up to 6,350 square feet. This presents a unique chance to establish a substantial retail presence in a thriving Indianapolis neighborhood. The minimum divisible space is 2,000 square feet, and the maximum contiguous space available is also 2,000 square feet. This property is perfect for businesses seeking high visibility and convenient access to a major retailer and a large customer base. Serious inquiries are encouraged.

    Property Features for 7216 Keystone Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,500 SF

    Unit(s) available at that property

    Space
    Size
    4,500 SF
    Rate per SF
    $20

    HighLights

    • 4,200 SF of commercial space available for lease on North Keystone Avenue in Indianapolis.
    • High‑traffic location directly across from a Walmart.
    Property Profile Location Intelligence

    Current Use by Public Records

    Legacy Barbell Club Gym Kumon Math and Reading ... After School Program

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.12214451
    Latitude
    39.88488934

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    FAQs

    What type of property is this?
    Retail property - Indianapolis Retail: 2,000-4,500 SF Available
    Where is this retail property located?
    The property is located at 7216 Keystone Ave Indianapolis, IN.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 4,200 SF of commercial space available for lease on North Keystone Avenue in Indianapolis.; High-traffic location directly across from a Walmart.;
    Request Owner's contact information
    7216 Keystone Ave Indianapolis, IN 46240
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    Indianapolis, IN 46240
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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
    7216 Keystone Ave Indianapolis, IN 46240
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