For Sale
$700,000

2010 46Th St Indianapolis, IN 46205

High-Yield, Multi-Tenant Shopping Center

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
138
This 5,070 square foot, 100% occupied shopping center in Indianapolis, Indiana presents a compelling investment opportunity. Located at 2010 E 46th St, in Marion County, zip code 46205, this stabilized, Class C retail property boasts a strong 8.57% cap rate and a substantial net operating income (NOI) of $60,000. The property features three tenants under NNN leases, generating a monthly cash flow exceeding $5,000. The single-story building, constructed in 1954, sits on a 10,944 square foot lot and is zoned C-3. With five units totaling 5,070 square feet of net rentable space, the asking price is $700,000, translating to $138.07 per square foot. The property benefits from a recently paved, ample parking lot, exceeding 5,000 square feet. This multi-tenant strip center is an ideal buy-and-hold investment in a developing neighborhood with significant future growth potential. The property's strong occupancy rate and consistent cash flow make it an attractive addition to any portfolio. The APN is 8020446.

Highlights

  • 5,070 SF, 100% occupied shopping center in Indianapolis, IN.
  • Strong 8.57% cap rate and $60,000 NOI.
  • Three tenants under NNN leases, generating over $5,000 monthly cash flow.
  • Located at 2010 E 46th St, Indianapolis, IN 46205 (APN 8020446).
  • Asking price: $700,000 ($138.07/SF).

Property Details for 2010 46Th St

Property type
Lifestyle centers, Power centers
Square Feet
5,070 SF
Class
C
Year Built
1954
Buildings
1
Stories
1
Units
5

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.8403956
Longitude
-86.127275

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FAQs

What type of property is this?
Lifestyle center - High-Yield, Multi-Tenant Shopping Center
Where is the lifestyle center located?
The property is located at 2010 46Th St Indianapolis, IN.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 5,070 SF, 100% occupied shopping center in Indianapolis, IN.; Strong 8.57% cap rate and $60,000 NOI.; Three tenants under NNN leases, generating over $5,000 monthly cash flow.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Contacts

Stephen Flanagan
Stephen Flanagan

Learn more

Useful Information

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46Th St
Indianapolis, IN 46205

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46Th St
Indianapolis, IN 46205

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

2010 46Th St
  • Stephen Flanagan
    Stephen Flanagan
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