Technical
Financial
Distress signals
Property profile

2326 44th St Indianapolis, IN 46205

OFF-MARKET
Retail space
Property ID
US31-0238710
4,800 SF 0.13 ac lot Built 1965
Entity Owned 15-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 3,400 square foot flex space, located at 2326 E 44th St in Indianapolis, Indiana (zip code 46205), presents a unique opportunity for businesses seeking a versatile and strategically located property. The building, zoned I2, offers a total of 4,240 square feet, with this single available unit comprising the entire 3,400 square foot contiguous space. The property boasts a highly visible location, enhanced by a prominent billboard situated atop the building, ensuring excellent exposure. The interior layout is adaptable and includes a private office, a full bathroom with a shower, a full kitchen, and two additional restrooms. The open space allows for customization to suit various business needs, with the potential for additional office conversions. Practical features include a washer/dryer hookup. Access is facilitated by two (2) convenient overhead doors. This property's prime location offers easy access to major thoroughfares, including Keystone and Fall Creek Parkway, providing excellent connectivity and accessibility for employees and clients. This is an exceptional opportunity to secure a well-appointed and strategically positioned flex space in a thriving Indianapolis neighborhood.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1965
Total area 4,800 SF
Lot 0.13 ac (5,553 SF)
Zoning code ZO01
APN 49-07-18-103-671.000-801
UPID US31-0238710

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Discount Store Waste Management Facility
  • Auto Parts Store

Location

2326 44th St Indianapolis, IN 46205-2207
Indianapolis metro Census 322500 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$185k

Owner & transaction history

since 2011
4 recorded transactions
2011
Price N/A
2010
Price N/A
2006
Price N/A
1969
Price N/A

Zoning & alternative use

ZO01 · Indianapolis, IN

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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