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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1440 Madison Ave Indianapolis, IN 46225

4,000 SF Built 2009
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Year built 2009
Total area 4,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Indiana Bureau of Motor Vehicles Law Firm
  • Indianapolis - Madison Ave BMV Branch Department Of Motor Vehicles
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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