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    Retail Property on Washington Street Title is generated by Realmo AI

    9501 E Washington St, Indianapolis, IN

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    15,000 SF retail property available for sale.

    Type:RETAIL
    Property size:
    15,000 SF
    Lot size:
    0.90 Acres
    Price / SF:
    $133/SF
    Added:
    Mar 29, 2025
    Days on Market:
    441
    Last Refresh:
    May 19 at 8:53 pm

    Property Features for 9501 E Washington St

    General Information

    Standard status
    Active
    Size
    15,000 SF
    Lot size
    0.90 Acres
    Property subtype
    RETAIL

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    Listing Contact
    John F. Riser

    Listing agent John F. Riser

    Listing office Riser Retail Group

    Listing date Mar 29, 2025

    Source Moodyscre

    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 Riser Retail Group

    HighLights

    • 15,000 SF retail property
    • Available for sale

    Overview

    This retail property, offering 15,000 square feet of space, is located on East Washington Street in Indianapolis, Indiana. It is suitable for various retail purposes.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $252.0k $16.80
    − Vacancy −$21.4k −$1.43
    EGI $230.6k $15.37
    − OpEx −$69.2k −$4.61
    NOI $161.4k $10.76
    15,000 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $2.31M
    $2.02M – $2.69M (±1% cap)
    NOI $161,406 @ 7.0% cap · market cap 8.07%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $3.73M
    $3.27M – $4.36M (±1% cap)
    NOI $261,360 @ 7.0% cap · market cap 13.07%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    CheckSmart Loan Service Fusek's True Value ... Building Supply KeyExpress Locksmiths Locksmith

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -85.998
    Latitude
    39.7741

    FAQs

    What type of property is this?
    Retail property - 15,000 SF retail property available for sale.
    Where is this retail property located?
    The property is located at 9501 E Washington St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 15,000 SF retail property; Available for sale
    (317) 844-0700 Call to check price and availability
    More about this property
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