Individually Owned Property summary
This exceptional retail investment opportunity is located at 3637 E 38th Street in Indianapolis, Indiana. The property encompasses a 1,798 square foot building situated on a 0.52-acre lot, offering significant potential for expansion. Currently, the center houses two retail spaces. One space, measuring 800 square feet, is available for immediate occupancy, presenting a fantastic chance for a new business to establish itself in a thriving location. The second space is a convenience store… operating under a lease agreement extending through 2026, providing a stable and predictable income stream. The existing building's layout is well-suited for a variety of retail uses, and the generous lot size allows for the construction of an additional 1,500 square feet of building space, providing ample room for future growth and expansion. This presents a unique opportunity to increase the property's value and rental income. The property's strategic location in Indianapolis offers excellent visibility and accessibility, ensuring high foot traffic and strong potential for attracting customers. This is an ideal investment for those seeking a stable, income-producing asset with significant upside potential. The asking price for this prime retail center is $450,000. Don't miss this chance to acquire a valuable piece of Indianapolis real estate.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 12 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 1,798 SF
- Lot area
- 0.52 ac
- Year built
- 1965
- Stories
- 1
- APN
- 49-07-20-109-178.000-101
- Zoning
- ZO01
- Assessed value · 2023
- $68,100
- Annual tax · 2023
- $1,889
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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