For Sale
$645,000

3960 Boulevard PlIndianapolis, IN 46208

5-Unit Retail Building, High Visibility

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 4,293 square foot retail building in Indianapolis, Indiana, presents a compelling investment opportunity. Located on a desirable 0.15-acre corner lot at 3960 Boulevard Pl, 46208, this single-story, Class B property boasts high traffic visibility and excellent street exposure. Built in 1925 and renovated in 2012, the building features five units, currently at 50% occupancy. One unit is leased month-to-month to a daycare, generating immediate rental income. Other spaces include a fully equipped salon suite with existing plumbing for shampoo bowls and two additional units suitable for office use. A spacious basement provides ample storage. The property is zoned C3 and offers 2,148 square feet of net rentable space, with an asking price of $645,000 ($150.24 per square foot). This versatile property is ideal for both owner-users and investors seeking a strong return on investment. The gross lease structure simplifies management, and the existing tenant provides a stable income stream. The property's prime location and flexible unit configuration make it an attractive option for a variety of businesses. This is a rare chance to acquire a well-maintained, income-producing property in a thriving Indianapolis neighborhood. The Marion County location and its convenient access to major thoroughfares further enhance its appeal.

Highlights

  • $645,000 asking price for a 4,293 square foot retail storefront in Indianapolis, IN.
  • Owner/user opportunity with a mix of existing and vacant units.
  • Currently 50% occupied with a month-to-month daycare tenant.
  • Features five units, including a fully equipped salon space and office suites.
  • Located on a 0.15-acre corner lot in a C3 zoned area.

Property Details for 3960 Boulevard Pl

Property type
Retail properties, Retail space
Square Feet
4,293 SF
Class
B
Year Built/Renovated
1925/2012
Buildings
1
Stories
1
Lot Size (sq. ft)
6,534 SF
Units
5

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.828294646756
Longitude
-86.164016745503
3960 Boulevard Pl, Indianapolis, Indiana

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3960 Boulevard Pl
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