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Property profile & analytics
OFF-MARKET Estimated value $520,000
Strip malls

1700 86th St Indianapolis, IN 46240

31,328 SF 3.81 ac lot Built 1972
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US31-0634799
Property summary
AI-generated overview

This exceptional 2,442 square foot retail space is available for lease at Northview Mall, located at 1700 E 86th St, Indianapolis, IN 46240, within Marion County. The property is situated in a prime corner location within the thriving Nora neighborhood, offering excellent visibility and accessibility. This multi-tenant retail building provides a strong opportunity for businesses seeking a presence in a high-traffic area. The space is currently vacant and ready for immediate occupancy. The location boasts impressive demographics, with an estimated population of 57,363 within a 3-mile radius, an average household income of $139,152, and over 63,000 employees working at the 6,110 businesses in the immediate vicinity. This strategic location provides convenient access to both Indianapolis and the surrounding Hamilton County suburbs, ensuring a robust customer base. The property type is retail, specifically categorized as neighborhood and multi-tenant. This presents a unique opportunity to establish or expand a business in a dynamic and prosperous community. Interested parties are encouraged to inquire for further details and leasing information.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1972
Construction TYPE NOT SPECIFIED
Total area 31,328 SF
Lot 3.81 ac (165,900 SF)
Zoning code ZO01
APN 49-03-13-119-003.000-800
UPID US31-0634799
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
  • Fur Bee. Pet groomer Pet Grooming Service
  • NORTH VIEW MALL Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
$689k
Blend (final) Blend
$520k
Owner & transaction history
Nvm Partners LLC · 2 yrs held
Nvm Partners LLC
since 2023
4 recorded transactions
2023
Price N/A
2014
Price N/A
2013
$342,857
1969
Price N/A
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $695,000 +49.0%
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