1102 Stop 11th Rd Indianapolis, IN 46227-8409
This exceptional Indianapolis investment opportunity comprises three commercial buildings totaling 21,105 square feet on a 2.15-acre lot. Strategically located at a high-traffic intersection near US 31, between Indianapolis and Greenwood, this property boasts exceptional visibility thanks to prominent signage and multiple ingress/egress points. The portfolio includes three buildings: one 3,105 square foot building on a 0.82-acre lot, one 8,000 square foot building, and a 10,000 square foot building situated on a 1.33-acre lot. Currently, two buildings are fully occupied by established tenants, including Armed Forces Recruiters, Ceu Family Market, and Azzip Pizza, providing immediate cash flow. The third building offers a unique opportunity for owner-occupancy or lease to a new tenant. The property features a concrete parking lot with 90 shared spaces and benefits from flexible C3 zoning. This modern, contemporary design stands out in the market, offering a rare combination of established income and future growth potential. The asking price is $5,200,000. This is an ideal investment for those seeking a legacy asset with strong, enduring returns.
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Realty ONE Group Dream Real Estate Agency
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Shirley Allore - Realty One Group Dream Real Estate Agency
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SOLO® Pool Table Movers Cue Sports School
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Gina McLane Real Estate Agency
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Andrew Cline, Realtor Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.