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Property profile & analytics

5417 38th St Indianapolis, IN 46218-1820

  • Strip malls
  • 12,720 SF
  • 1.09 lot acres
OFF-MARKET
Last Sale
Sep 15, 2023
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US31-0544448
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Pretty Trappie Nails / Nail Salon
  • Natural Yet Relaxed Braiding Beauty Bar / Hair Salon
  • Nya Braiding Beauty Bar / Beauty Salon
  • Lcutz_317 / Barber Shop

Property Details for 5417 38th St

Year built
1968
Construction
TYPE NOT SPECIFIED
Lot size
1.09 lot acres
Property size
12,720 SF
Zone code
ZO01
Property type
Strip malls
Property subtype
Neighborhood centers
APN
49-10-03-216-017.000-701
APU
491003216017000701

Description

This exceptional retail opportunity presents a 4,000 square foot shopping center ideally situated at the corner of E. 38th St. and E. Whittier Place in Indianapolis, Indiana. The property, a Class C building constructed in 1968 and extensively renovated in 2014, offers two available suites. Each suite is divisible, with a minimum leasable area of 2,800 square feet and a maximum contiguous space of 1,200 square feet. Currently, the entire 4,000 square feet is vacant, presenting a unique chance for a single tenant or multiple occupants. The property boasts ample parking, a significant advantage for customers and employees. Its strategic location directly across the street from the Indianapolis Public Library on 38th Street ensures high visibility and foot traffic. Furthermore, its proximity to the Indianapolis International Airport (approximately 20 miles) adds to its appeal. Lease rates and terms are negotiable, making this a highly adaptable space for a variety of retail businesses. The property is located in Marion County, Indiana, with the address being 5417 E. 38th St., Indianapolis, IN 46218.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Indianapolis
County
Marion
State
Indiana
Longitude
-86.0756
Latitude
39.8251
CBSA code
26900
CBSA name
INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,436
$83,600
$115,200
$198,800
-
$83,600
$115,200
$198,800
More about this property
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