5090 38th St Indianapolis, IN 46254-3324
This exceptional 7,548 square foot freestanding restaurant building presents a unique investment or lease opportunity in Indianapolis, Indiana. Located at 5090 W 38th St, in Marion County, zip code 46254, this property boasts excellent visibility and accessibility. With a daily traffic count of 41,872 vehicles on West 38th Street, this location ensures high exposure for your business. The building benefits from convenient stoplight access, strategically positioned between Interstates 65 and 465, providing easy access for customers from across the region. This prime location is nestled within a thriving commercial corridor, surrounded by major retailers including Walmart, Meijer, and Target, creating a high-traffic environment and strong customer base. The property is available for both lease and sale, with an asking price of $655,000. This single-tenancy building is classified as a restaurant, but its versatile design could accommodate various retail, medical, or entertainment uses. The property's strategic location and high visibility make it an ideal investment for discerning buyers or a prime location for a thriving business. Contact us today to learn more about this exceptional opportunity.
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.