3919 Madison Ave Indianapolis, IN 46227-1365
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.
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Bike Parking Bicycle Rack
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Indianapolis South BMV Branch Department Of Motor Vehicles
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Hope Academy High School
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BMV Connect Kiosk Department Of Motor Vehicles Kiosk
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Anytime Fitness Gym & Fitness Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
ZO01 · Indianapolis, INIndianapolis. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.