6503 Carrollton AveIndianapolis, IN 46220

Property Details for 6503 Carrollton Ave

Year built

1910

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

1,480 SF

Zone code

ZO01

Property type

Retail space

APN

49-03-36-100-026.000-801

APU

490336100026000801

Description

This exceptional 1,720 square foot commercial property, located at 6503 Carrollton Ave in Indianapolis, Indiana (zip code 46220), presents a unique opportunity for a variety of businesses. The property is classified as retail and office space, suitable for creative office, traditional office, or medical office uses. It features a single-tenant occupancy and boasts a highly desirable location in the vibrant Broad Ripple neighborhood. The building is a two-story structure with an unfinished basement, offering ample space for various needs. A wrap-around porch adds to its charm and curb appeal. Six dedicated parking spots are available on-site, a significant advantage in this area. The property benefits from prominent monument signage, ensuring high visibility for your business. Its location on a hard corner provides excellent exposure to traffic. Adding to its appeal, the building is situated just two doors down from the popular Cake Bake Shop and two blocks from the Monon Trail, a well-known recreational path, ensuring high foot traffic and visibility. This property offers a blend of character, convenience, and prime location, making it an ideal choice for businesses seeking a thriving and accessible environment in Indianapolis. Marion County location.

• CAP approach

  CAP return

  Valuation

  6%

  $283,033

  6.5%

  $261,261

  7%

  $242,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $351,959

  Geo Method

  $351,959

• Alternative Use

  Use

  Valuation

  Residential

  $220,384

  Hospitality

  $201,870

  Educational

  $167,954

  Medical

  $173,730

  Retail

  $261,261

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.8737

Longitude

-86.1444

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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