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Property profile & analytics
OFF-MARKET
Office Spaces

3919 Madison Ave Indianapolis, IN 46227-1365

37,492 SF 7.76 ac lot Built 1990
Entity Owned Absentee Owner Free & Clear
Property ID
US31-3441882
Property summary
AI-generated overview

This exceptional commercial property, located at 3919 Madison Avenue in Indianapolis, Indiana, offers a versatile 11,515 square foot space ideal for a variety of uses. Currently entirely vacant, this multi-tenant building is classified as Retail, Office, and Industrial, with subtypes including Executive Office, Medical Office, and Distribution. The property sits on a sizable lot ranging from 0.592 to 1.207 acres in Marion County, providing ample space and potential for expansion or outdoor uses. The building's prime location at the hard corner of Hanna and Madison Avenue offers excellent visibility and accessibility. Its proximity to the University of Indianapolis, with its 5,600-student population, presents a unique opportunity to cater to a large and diverse clientele. The available space is divisible, offering flexibility for businesses of varying sizes. Specifically, there are two spaces available: one approximately 2,500 square feet and another approximately 12,858 square feet. This property presents a rare opportunity to establish a strong presence in a thriving Indianapolis neighborhood. The property's diverse zoning allows for a wide range of business possibilities, making it an attractive investment for both established companies and startups. Contact us today to learn more about this exceptional commercial opportunity.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1990
Construction TYPE NOT SPECIFIED
Total area 37,492 SF
Lot 7.76 ac (337,982 SF)
Zoning code ZO01
APN 49-11-25-107-013.000-501
UPID US31-3441882
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bike Parking Bicycle Rack
  • Indianapolis South BMV Branch Department Of Motor Vehicles
  • Hope Academy High School
  • BMV Connect Kiosk Department Of Motor Vehicles Kiosk
  • Anytime Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Hrsv LLC
Hrsv LLC
since 2026
Last sale
$16.2M
7 recorded transactions
2026
Price N/A
2025
Price N/A
2014
Price N/A
2008
Price N/A
2008
$16.2M
2006
Price N/A
1969
Price N/A
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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