1440 Madison Ave Indianapolis, IN 46225
- Retail properties
- 4,000 SF
Current Use by Public Records
- Indiana Bureau of Motor Vehicles / License Bureau
- Indianapolis - Madison Ave BMV Branch / Department Of Motor Vehicles
Property Details for 1440 Madison Ave
- Year built
- 2009
- Property size
- 4,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.1545
- Latitude
- 39.7471
