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Property profile & analytics
OFF-MARKET
Retail space

8502 Evergreen Ave Indianapolis, IN 46240

1,164 SF 0.5 ac lot Built 1946
Property ID
US31-0323913
Property summary
AI-generated overview

This stunning, completely renovated 1,164 square foot commercial property in Indianapolis' Nora neighborhood is available for $414,000. Situated on a half-acre lot (including an additional 0.25-acre commercial parcel, APN 49-03-24-107-046.000-800, APN 49-03-24-107-044.000-800), this single-story, Class B building boasts a 2024 renovation encompassing new windows, doors, porcelain flooring, a renovated kitchen and bathroom, ceiling fans, and a 200-amp electrical panel. A new washer and dryer, and a newly constructed patio are included. The exterior and interior have been freshly painted. The property is all-electric, with gas available from the road. Permitted zoning is C1 - Marion County. The building was originally constructed in 1946. Occupancy is available October 21, 2024. This owner-occupied property, ideal for retail or office use, offers a blend of modern amenities and a convenient location near the bustling 86th Street commercial district, while maintaining a quiet, secluded atmosphere. This is a unique opportunity for an owner-user seeking a move-in ready space.

Property profile
Verified
Property type Retail space
Year built 1946
Total area 1,164 SF
Lot 0.5 ac (21,780 SF)
APN 49-03-24-107-044.000-800 & 49-03-24-107-046.000-800
UPID US31-0323913
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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