Technical
Financial
Distress signals
Property profile

4813 Madison Ave Indianapolis, IN 46227

OFF-MARKET
Retail space
Property ID
US31-1139296
3,441 SF 0.57 ac lot Built 1940
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 0.57-acre industrial land parcel, located at 4813 Madison Avenue in Indianapolis, Indiana, presents a unique investment opportunity. The property boasts a sizable 24,786 square foot lot, conveniently situated in a high-traffic area of Indianapolis' southside. Its strategic location offers easy access to key amenities and infrastructure, including proximity to the University of Indianapolis and Greenwood Mall, ensuring high visibility and potential for significant foot traffic. The lot is already graded, and utilities are readily available on-site, minimizing development hurdles and expediting project timelines. Zoned C3, this property is well-suited for a variety of industrial uses, making it an attractive option for developers and businesses seeking a prime location for expansion or new construction. The property is located in Marion County, Indiana, with a zip code of 46227. The asking price for this exceptional land parcel is $315,000. The property is served by the MSD of Perry Township. This is a rare opportunity to acquire a well-positioned, ready-to-develop industrial site in a thriving Indianapolis neighborhood.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1940
Construction WOOD
Total area 3,441 SF
Lot 0.57 ac (24,818 SF)
APN 49-10-31-115-002.000-500
UPID US31-1139296

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4813 Madison Ave Indianapolis, IN 46227-4151
Indianapolis metro Census 380501 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 2025
5 recorded transactions
2026
Price N/A
2025
Price N/A
2025
$200,000
2018
Price N/A
2004
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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