1440 Madison Ave Indianapolis, IN 46225
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.
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Indiana Bureau of Motor Vehicles Law Firm
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Indianapolis - Madison Ave BMV Branch Department Of Motor Vehicles
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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