706 Broad Ripple Ave Indianapolis, IN 46220-1963
Property profile & analytics
706 Broad Ripple Ave Indianapolis, IN 46220-1963
- Banks
- 1,800 SF
- 0.08 lot acres
Property ID
US31-0991195
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Chase Bank / Bank / Loan Service
- Chase ATM / Atm
Property Details for 706 Broad Ripple Ave
- Year built
- 1970
- Lot size
- 0.08 lot acres
- Property size
- 1,800 SF
- Zone code
- ZO01
- Property type
- Banks
- APN
- 49-03-36-113-001.000-801
- APU
- 490336113001000801
Description
This exceptional 4,220-square-foot freestanding retail building presents a unique investment opportunity in the vibrant Broad Ripple Village district of Indianapolis, Indiana. Situated on a prime corner lot at the intersection of Broad Ripple Avenue and College Avenue, this single-tenant property benefits from exceptional visibility and accessibility. The building offers 12 parking spaces, and enjoys strong pedestrian traffic from Broad Ripple Avenue, the Monon Trail, and the Canal Trail. Further enhancing its appeal is its proximity to a parking garage with nearly 350 spaces. The property is ideally located within a thriving cultural district renowned for its diverse retail offerings, restaurants, arts scene, and recreational amenities. Recent significant investments totaling $8 million have revitalized Broad Ripple's infrastructure, including streets, sidewalks, lighting, and landscaping. The area boasts a high concentration of desirable residential options, with over 700 high-end apartment units within walking distance. This location also benefits from its proximity to major educational institutions, including Butler University (5,500 students), Purdue Polytech High School, Marian University (3,500 students), and Indiana University/Purdue University Indianapolis (30,000 students). The property is surrounded by a variety of established businesses, including Fresh Thyme Farmers Market, The Vogue, Starbucks, Chipotle, Café Patachou, Kilroy's, Brothers, Massage Envy, Salon Lofts, and Orange Theory, creating a strong and diverse commercial environment. This property is perfect for a variety of retail uses, including medical, and entertainment. The zip code is 46220. The property is located in Marion County.
Value Estimations
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CAP approach
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Comparable approach
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Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.1458
- Latitude
- 39.8699
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,675
$59,400
$1,800
$61,200
-
$59,400
$1,800
$61,200
