3960 Blvd Pl Indianapolis, IN 46208-3966

Property Details for 3960 Blvd Pl

Year built

1925

Construction

WOOD

Lot size

0.25 lot acres

Property size

8,586 SF

Property type

Commercial real estate

APN

49-06-14-126-018.000-801

APU

490614126018000801

Description

This exceptional 4,293 square foot retail building in Indianapolis, Indiana, presents a compelling investment opportunity. Located on a desirable 0.15-acre corner lot at 3960 Boulevard Pl, 46208, this single-story, Class B property boasts high traffic visibility and excellent street exposure. Built in 1925 and renovated in 2012, the building features five units, currently at 50% occupancy. One unit is leased month-to-month to a daycare, generating immediate rental income. Other spaces include a fully equipped salon suite with existing plumbing for shampoo bowls and two additional units suitable for office use. A spacious basement provides ample storage. The property is zoned C3 and offers 2,148 square feet of net rentable space, with an asking price of $645,000 ($150.24 per square foot). This versatile property is ideal for both owner-users and investors seeking a strong return on investment. The gross lease structure simplifies management, and the existing tenant provides a stable income stream. The property's prime location and flexible unit configuration make it an attractive option for a variety of businesses. This is a rare chance to acquire a well-maintained, income-producing property in a thriving Indianapolis neighborhood. The Marion County location and its convenient access to major thoroughfares further enhance its appeal.

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Longitude

-86.1642

Latitude

39.8281

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments