2710 62nd St Indianapolis, IN 46220-2958
- Medical offices
- 5,302 SF
- 0.23 lot acres
Current Use by Public Records
- Taylor Hoffman / Optometrist
- Dr. Gregory Norman / Optometrist
- Norman Miller Eyecare / Optometrist / Optician
- Dr. Ashley Giltner / Optometrist / Practitioner Service Location
Property Details for 2710 62nd St
- Year built
- 1957
- Construction
- WOOD
- Lot size
- 0.23 lot acres
- Property size
- 5,302 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 49-02-31-122-021.000-800
- APU
- 490231122021000800
Description
This exceptional two-story, 3,573 square foot Class B office building, located at 2710 E. 62nd St. in Indianapolis, Indiana, presents a compelling investment opportunity. Currently vacant with an occupancy date of May 23, 2024, this property boasts excellent visibility and signage directly on 62nd Street, across from the Glendale Town Center, which includes tenants such as IU Health, Walgreens, and Chick-fil-A. The building offers approximately 2,864 square feet above grade, with a split basement featuring approximately 567 square feet of finished space and 305 square feet of unfinished storage. Ample parking is available both in front and in the rear of the building. Previously occupied by Norman Miller Eyecare, this versatile space is suitable for a variety of medical or creative office uses. The asking price is $800,000, translating to $223.90 per square foot. Its prime location offers convenient access to a wide array of dining, shopping, and entertainment options, and its proximity to Broad Ripple Village and major city thoroughfares adds to its appeal. This property is ideal for investors seeking a thriving commercial hub in a highly sought-after area of Indianapolis. The building features natural light throughout and is zoned for office and medical uses. This is a rare opportunity to acquire a well-located, versatile property in a rapidly growing area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $430,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $585,000
- 6.5%
- $530,000
- 7%
- $555,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $495,000
- Geo Method
- $550,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $570,000
- Retail
- $565,000
- Mixed-Use
- $550,000
- Hospitality
- $575,000
- Educational
- $590,000
- Residential Income
- $585,000
- Energy
- $625,000
- Income-Based Land
- $500,000
- Food Service
- $525,000
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.1185
- Latitude
- 39.869
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA