Property profile

10536 East Washington St Indianapolis, IN 46229

FOR SALE
Turn key restaurants
Property ID
US31-0823159
3,530 SF 1.08 ac lot Built 1989
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 0.61-acre commercial land parcel is ideally situated at 10536 East Washington Street in Indianapolis, Indiana, zip code 46229, within Marion County. The property boasts a highly desirable C-4 zoning designation, making it suitable for a wide range of retail developments. Its strategic location offers unparalleled visibility and accessibility, situated directly on Washington Street, a major thoroughfare experiencing approximately 35,000 vehicles per day. This high traffic count ensures significant exposure for any business established on this site. The land's proximity to the Washington Square Mall and numerous other major retailers provides a synergistic advantage, attracting customers and enhancing the overall commercial viability of the property. The asking price for this prime retail land opportunity is $385,000. This presents a unique investment chance for developers and entrepreneurs seeking a high-impact location with substantial growth potential. The property's size and zoning make it an attractive option for a variety of commercial ventures. Don't miss this chance to secure a prominent position in a thriving Indianapolis retail corridor.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1989
Total area 3,530 SF
Lot 1.08 ac (47,132 SF)
APN 49-09-04-120-001.000-700
UPID US31-0823159

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

10536 East Washington St Indianapolis, IN 46229
Indianapolis metro Census 360502 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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