Property summary
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
VerifiedCap rate & NOI
Current use
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Mobile Phone Store Electronics & Wireless Store
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Dental Office
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Grocery & Convenience Store
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Tax Preparation
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Clothing Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
ZO01 · Indianapolis, INZoning
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Zoning designation
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