Technical
Financial
Distress signals
Property profile

3103 Lafayette Rd Indianapolis, IN 46222

OFF-MARKET
Strip malls
Property ID
US31-0059875
13,215 SF 1.96 ac lot Built 1956
Entity Owned 20-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Grant Plaza, located at 3103 Lafayette Rd, Indianapolis, IN 46222 (cross street: 30th Street), offers a fantastic opportunity to lease 995 square feet of warehouse space. This single-story, Class C industrial building, zoned C-5, totals 25,001 square feet and features multiple tenancies. The available space is ideally suited for a variety of uses, including light auto detailing, window tinting, stereo installations, or a trades supply shop/office/warehouse combination. The property's convenient location in Indianapolis provides easy access to major transportation routes, enhancing its appeal for businesses requiring efficient logistics. The building's warehouse configuration offers ample space for storage and operations, while the zoning allows for a range of commercial activities. This is a rare opportunity to secure a well-located, functional warehouse space in a thriving Indianapolis neighborhood. The property is ready for immediate occupancy, providing a seamless transition for your business. Interested parties should inquire promptly to secure this desirable space. The building is categorized as a warehouse and garage.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1956
Construction WOOD
Total area 13,215 SF
Lot 1.96 ac (85,203 SF)
Zoning code ZO01
APN 49-06-20-118-004.000-901
UPID US31-0059875

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
  • Church
  • Church
  • Nail Salon

Location

3103 Lafayette Rd Indianapolis, IN 46222-1303
Indianapolis metro Census 340500 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2006
3 recorded transactions
2006
Price N/A
1969
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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