3610 Shadeland Ave Indianapolis, IN 46226-5711

This exceptional 1.43-acre commercial land parcel, located at 3610 N Shadeland Ave in Indianapolis, Indiana (zip code 46226, Marion County), presents a compelling investment opportunity. The property, identified by APN 49-07-23-122-026.000-700, is zoned C-5, allowing for a variety of commercial uses. Situated in a high-traffic area of Shadeland Avenue, between 38th and 34th Streets, this location benefits from significant daily vehicular traffic. Currently, an existing building and business on the site generates a monthly rental income of $2,500. The property's pro-forma net operating income (NOI) is $30,000, yielding a pro-forma capitalization rate of 8.00%. The asking price is $375,000. A three-year lease is in place, with two years remaining on the current term. This presents a strong cash flow opportunity for investors seeking a well-located commercial property with immediate income generation. The property's size and zoning make it ideal for a variety of commercial developments, capitalizing on the high visibility and traffic volume of this established commercial corridor. Serious inquiries are encouraged.