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Property profile & analytics
OFF-MARKET
Retail space

5701 Elmwood Ave Indianapolis, IN 46203-6013

0.29 ac lot
Entity Owned 3-yr Hold Free & Clear
Property ID
US31-1243571
Property summary
AI-generated overview

This exceptional 195,228-square-foot industrial complex at 5701 Elmwood Ave, Indianapolis, IN 46203, offers a prime location with excellent interstate visibility and immediate access to I-465. The property, built in 1968, features a 202,577-square-foot building with a flexible layout ideal for various industrial uses. The space boasts a 16' to 20' clear height, providing ample room for storage and operations. Convenient loading options include both dock and drive-in access, ensuring efficient material handling. The property is zoned I-3, allowing for a wide range of industrial activities. Its strategic location offers numerous advantages, including proximity to a variety of amenities such as retail, restaurants, and hotels, enhancing the convenience for employees and visitors. The estimated 2024 operating expenses are $2.30 per square foot. This property presents a unique opportunity for businesses seeking a well-located, functional, and versatile industrial space in a thriving Indianapolis market. The high visibility and convenient access to major transportation routes make this an exceptional investment opportunity.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 0.29 ac (12,720 SF)
Zoning code ZO01
APN 49-10-34-124-008.000-302
UPID US31-1243571
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Fast Advertising Inc (Bike/Boat/Book/etc) Store
  • Marine Center of Indiana (Bike/Boat/Book/etc) Store
  • Best Choice Home Care Home Health Care Service
  • Sea Ray (Bike/Boat/Book/etc) Store
  • Blue Compass RV Indianapolis (Colerain Family RV) Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Madison Land Co LLC · 3 yrs held
Madison Land Co LLC
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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