5959 71st St Indianapolis, IN 46220-4003
This exceptional retail opportunity presents a 4,772 square foot former bank building situated on a sizable 1.09-acre lot at the highly visible southeast corner of 71st Street and Binford Boulevard in Indianapolis, Indiana. Constructed in 2006, the property boasts a substantial footprint ideal for a variety of retail uses. Its prime location offers excellent visibility and accessibility, ensuring high traffic volume and strong potential for customer engagement. The building's previous use as a bank suggests a robust and secure structure, potentially minimizing significant renovation needs. The address is 5959 E 71st St, Indianapolis, IN 46220, within Marion County. This property is listed at $1,200,000 and presents a compelling investment opportunity for savvy entrepreneurs and developers seeking a well-located, established building in a thriving Indianapolis neighborhood. The expansive lot size also offers significant potential for future expansion or development, adding further value to this already attractive proposition. The property's location provides easy access to major roadways and a dense residential population, making it an ideal location for a variety of retail businesses.
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Fifth Third Bank & ATM Bank Loan Service
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ATM (Fifth Third Bank) Atm
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, INCosts & 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.