7216 Keystone Ave Indianapolis, IN 46240
- Retail space
- 11,600 SF
- 3.65 lot acres
Current Use by Public Records
- Legacy Barbell Club / Gym
- Kumon Math and Reading Center of INDIANAPOLIS - NORTH KEYSTONE / Tutoring Service / After School Program
Property Details for 7216 Keystone Ave
- Year built
- 1970
- Construction
- WOOD
- Lot size
- 3.65 lot acres
- Property size
- 11,600 SF
- Zone code
- ZO01
- Property type
- Retail space
- APN
- 49-02-30-120-012.000-800
- APU
- 490230120012000800
Description
This exceptional retail opportunity is located at 7216 N Keystone Ave in Indianapolis, Indiana, 46240. The property is zoned C4 and offers a flexible space ranging from 2,000 to 4,500 square feet, currently with 4,500 square feet vacant. The building features a multi-tenant configuration, ideal for a variety of retail businesses. The space underwent renovations in 2005, ensuring modern amenities and a well-maintained environment. A significant advantage is the property's prime location directly across from a Walmart, guaranteeing high visibility and foot traffic. An adjacent space of 1,850 square feet offers potential for expansion, allowing for a combined total of up to 6,350 square feet. This presents a unique chance to establish a substantial retail presence in a thriving Indianapolis neighborhood. The minimum divisible space is 2,000 square feet, and the maximum contiguous space available is also 2,000 square feet. This property is perfect for businesses seeking high visibility and convenient access to a major retailer and a large customer base. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,005,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,435,000
- 6.5%
- $1,300,000
- 7%
- $1,220,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,135,000
- Geo Method
- $1,430,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,480,000
- Retail
- $1,555,000
- Mixed-Use
- $1,260,000
- Hospitality
- $1,120,000
- Educational
- $1,130,000
- Residential Income
- $1,435,000
- Energy
- $1,530,000
- Income-Based Land
- $1,285,000
- Food Service
- $1,565,000
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.123
- Latitude
- 39.8851
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
