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Property profile & analytics
OFF-MARKET
Office Spaces

1849 Broad Ripple Ave Indianapolis, IN 46220-2339

1,008 SF 0.14 ac lot Built 1952
Entity Owned 1-yr Hold Free & Clear
Property ID
US31-0066232
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1952
Construction WOOD
Total area 1,008 SF
Lot 0.14 ac (6,247 SF)
Zoning code ZO01
APN 49-07-06-121-194.000-801
UPID US31-0066232
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
  • Posh Coiffure Studios LLC Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Blooming Star Properties LLC S Seri · 1 yrs held
Blooming Star Properties LLC S Seri
since 2025
5 recorded transactions
2025
Price N/A
2021
Price N/A
2017
$180,000
2011
$150,000
2005
Price N/A
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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