6001 Massachusetts Ave Indianapolis, IN 46226-5668
This exceptional 1.44-acre property at 6001-6009 Massachusetts Ave, Indianapolis, IN 46226, presents a prime redevelopment opportunity. Boasting a highly visible 6-corner lot at the intersection of Massachusetts Avenue, Arlington Avenue, and 34th Street, this C-5 zoned land benefits from significant traffic counts and convenient access with street cuts on both Mass Ave and 34th St. The existing 4,606 square foot, single-story, all-brick retail building features four storefronts, 22 paved parking spaces, independent restrooms, utilities, and HVAC systems. Municipal utilities are already in place. The property's location offers unparalleled convenience, situated approximately 1.5 miles from the I-70/Emerson ramp, 1.7 miles from the I-465/Shadeland ramp, and 1 mile from the Shadeland/38th corridor, placing it on major commuting and transportation routes. The flexible zoning allows for diverse development options, including a gas station, convenience store, car wash, liquor store, or retail strip mall. A separate billboard lease generates additional income. This property, built in 1931, offers significant potential for investors seeking high-visibility, high-traffic commercial real estate in a rapidly developing area. The asking price is $675,000, with a price per square foot of $146.55. The property's APN is 49-07-23-124-002.000-700.
-
A1 wireless and repair Mobile Phone Store Electronics & Wireless Store
-
Denture Care of Indianapolis Dental Office
-
Deferentt route Variety Grocery & Convenience Store
-
Dynasty Tax Solutions Tax Preparation
-
Trap Junkie LLC Clothing Store
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.