6101 Madison Ave Indianapolis, IN 46227
- Mixed-use properties
- 2,706 SF
- 0.47 lot acres
Current Use by Public Records
- Beauty By Brigitte / Beauty Salon
- Image Plus / Beauty Salon
- Hair by Kassi / Hair Salon
Property Details for 6101 Madison Ave
- Year built
- 1948
- Lot size
- 0.47 lot acres
- Property size
- 2,706 SF
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property at 6101 Madison Avenue, Indianapolis, Indiana, presents a compelling investment opportunity. The 2,706 square foot building sits on a 0.47-acre lot and is priced at $425,000. The property comprises a duplex and a fully operational hair salon, offering diverse income streams. One side of the duplex is a partially renovated two-bedroom, two-bathroom townhouse featuring a two-car heated garage with substantial storage space, convertible to additional living area. A private, fenced brick patio provides a tranquil outdoor space. The kitchen has been upgraded with new appliances. The other half of the property is a fully renovated hair salon, complete with five styling booths, two private rooms suitable for various beauty services (esthetician, nail technician, massage, etc.), a break room, and a half-bath. A dedicated laundry/stock area and a waiting area are also included. The salon benefits from a five-car parking lot with additional driveway space available. The current salon tenant may remain or vacate upon sale. The property offers significant potential for expansion and further upgrades to enhance its value. This is an ideal opportunity for an owner-occupant or investor seeking a high-return property with multiple income streams and flexibility. The property's layout and features provide a unique blend of residential and commercial space, making it a truly versatile investment.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.13086
- Latitude
- 39.67756
