3610 Shadeland Ave Indianapolis, IN 46226
- Office buildings
- 916 SF
- 1.43 lot acres
Current Use by Public Records
- Office buildings
Property Details for 3610 Shadeland Ave
- Year built
- 1950
- Construction
- BRICK
- Lot size
- 1.43 lot acres
- Property size
- 916 SF
- Zone code
- ZO01
- Property type
- Office buildings
- APN
- 49-07-23-122-026.000-700
- APU
- 490723122026000700
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $125,000
- ML approach
- $95,000
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Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.0471
- Latitude
- 39.8217
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
