1849 Broad Ripple Ave Indianapolis, IN 46220-2339
This exceptional 2,000 square foot Class B office building is ideally situated on Broad Ripple Avenue in Indianapolis, Indiana, zip code 46220. Priced at $270,000, this represents an attractive price per square foot of $135. The property boasts a convenient location and ample parking, making it an excellent investment opportunity. Previously utilized as both an office and a salon, this versatile space offers significant potential for a variety of businesses. The building is zoned R5, allowing for flexibility in its future use. The property's address is 1849 Broad Ripple Ave, Indianapolis, IN 46220, within Marion County. Its coordinates are 39.8683896 latitude and -86.1284439 longitude. The building's traditional office layout provides a functional and adaptable space for various business needs. This presents a unique chance to acquire a well-located commercial property in a thriving Indianapolis neighborhood. The asking price makes this a compelling investment opportunity for those seeking a strong return on investment in a desirable area. The property's history as both an office and a salon demonstrates its adaptability and potential for diverse uses. Serious inquiries are encouraged to explore this promising commercial real estate offering.
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Posh Coiffure Studios LLC Hair Salon Nail Salon
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
ZO01 · Indianapolis, INIndianapolis. Always verify with local authorities before improvements.
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.