3808 Shelby St Indianapolis, IN 46227

This exceptional 10,344 square foot, single-story retail building, located at 3808 Shelby St. in Indianapolis, Indiana, presents a compelling investment opportunity. Built in 1954, this Class C property sits on a 1.02-acre lot and features 40 parking spaces, making it highly accessible for customers and employees. Currently housing two tenants, The Wit Theater (home of ComedySportz Indianapolis) and Christel House Academy, the property benefits from a high-traffic location directly across from the University of Indianapolis, a major institution with an enrollment of 5,600 students. The Red Line, a significant public transportation route, runs directly in front of the building, providing convenient access to Broad Ripple and the wider Indianapolis area, enhancing its accessibility and appeal. The property is zoned MU-2, offering flexibility for future uses. This freestanding building offers a unique blend of established tenants and a prime location near a large university, making it an attractive investment prospect with strong potential for future growth and returns. The property's APN is 49-11-25-107-008.000-501. This is a multi-tenant property with a strong tenant base and excellent location. The property's proximity to the University of Indianapolis and the Red Line provides significant advantages.