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Property profile & analytics
OFF-MARKET
Strip malls

6001 Massachusetts Ave Indianapolis, IN 46226-5668

4,606 SF 0.3 ac lot Built 1931
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US31-0155421
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1931
Construction TYPE NOT SPECIFIED
Total area 4,606 SF
Lot 0.3 ac (13,000 SF)
Zoning code ZO01
APN 49-07-23-124-007.000-700
UPID US31-0155421
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
  • 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
Value estimations
Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history
A 1 Wireless Corp · 1 yrs held
A 1 Wireless Corp
since 2025
4 recorded transactions
2025
Price N/A
2022
Price N/A
2008
Price N/A
1969
Price N/A
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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