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Property profile & analytics
FOR LEASE
Grocery and convenience stores

980 Shadeland Ave Indianapolis, IN 46219

1,294 SF 1.3 ac lot Built 1967
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US31-0551529
Property summary
AI-generated overview

This exceptional 0.93-acre commercial land parcel presents a rare investment opportunity. Situated on a high-visibility corner lot at a signalized intersection within a densely populated and established commercial area, this property offers unparalleled exposure. Its C4 zoning allows for a wide range of commercial development possibilities. Adding to its appeal is the presence of an existing Marathon gas station, which boasts a clean environmental record, having received a No Further Action (NFA) status. This signifies the absence of any significant environmental concerns, streamlining the development process and minimizing potential liabilities. The strategic location, combined with the favorable zoning and the clean environmental history of the existing structure, makes this property an attractive proposition for developers and investors seeking a prime location for a new commercial venture. The high traffic count at the signalized intersection ensures maximum visibility and accessibility, making it an ideal site for businesses seeking high foot traffic and convenient access for customers. This is a truly unique opportunity to acquire a highly desirable commercial property in a thriving area.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1967
Construction TYPE NOT SPECIFIED
Total area 1,294 SF
Lot 1.3 ac (56,421 SF)
APN 49-10-02-128-004.000-770
UPID US31-0551529
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
  • Marathon Gas Grocery & Convenience Store
  • ATM (PNC Bank) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Mst Group LLC · 11 yrs held
Mst Group LLC
since 2015
2 recorded transactions
2015
$400,000
2013
$200,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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