2301 38Th StIndianapolis, IN 46218

Property Details for 2301 38Th St

Year built

1950

Construction

TYPE NOT SPECIFIED

Lot size

0.43 AC

Property size (Sq ft)

7,524 SF

Zone code

ZO01

Property type

Retail properties

Property subtype

Retail space

APN

49-07-19-105-063.000-101

APU

490719105063000101

Description

This exceptional retail investment opportunity in Indianapolis, Indiana, presents a fee-simple ownership of a 7,524 square foot shopping center situated on a 0.43-acre lot. Built in 1950, the property boasts 100% occupancy with two units currently leased to Boost Mobile and American Eagle. The asking price is $485,000. Strategically located at the intersection of high-traffic Keystone Avenue (25,342 average daily vehicles) and 38th Street (20,167 average daily vehicles), this property benefits from excellent visibility and accessibility. The surrounding area features a strong concentration of national retailers, including McDonald's, O'Reilly Auto Parts, Save-A-Lot, Wendy's, Taco Bell, and Advanced Auto Parts, ensuring consistent foot traffic and consumer activity. Furthermore, the property's proximity to significant community anchors such as the Indiana State Fairgrounds, Indiana School for the Deaf, Tindley Prep, and a YMCA adds to its appeal and long-term stability. This is a rare chance to acquire a well-positioned, fully occupied retail center in a thriving Indianapolis neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $1,438,597

  6.5%

  $1,327,936

  7%

  $1,233,083

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,788,653

  Geo Method

  $1,788,653

• Alternative Use

  Use

  Valuation

  Residential

  $1,120,164

  Hospitality

  $1,026,064

  Educational

  $853,673

  Medical

  $883,032

  Retail

  $1,327,936

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.8251

Longitude

-86.1228

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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 unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].