5102 Central AveIndianapolis, IN 46205

  • Other commercial real estate
  • 7,206 SF
For Lease
$50.04/SF/YR View listing

Property Details for 5102 Central Ave

Year built
1925
Construction
TYPE NOT SPECIFIED
Lot size
0.48 AC
Property size (Sq ft)
7,206 SF
Zone code
ZO01
Property type
Other commercial real estate
APN
49-06-12-110-046.000-801
APU
490612110046000801

Description

This exceptional 7,206-square-foot church building presents a unique opportunity for a single tenant in a highly desirable Indianapolis location. Situated on a 0.48-acre lot at 5102 Central Ave, Indianapolis, IN 46205, this property offers a spacious and well-maintained facility ideal for a variety of uses. The existing church structure is available for shared space use, providing a beautiful and established setting. Its central location offers easy access to key areas, including the vibrant Broad Ripple Village and the prestigious Butler University campus, ensuring high visibility and convenient access for potential clientele. The property boasts a total building area of 7,206 square feet, providing ample space for various needs. Property taxes are $0. This is a rare chance to secure a significant presence in a thriving Indianapolis neighborhood. The building's existing infrastructure and established location offer immediate occupancy and significant cost savings compared to new construction. The property's prime location and unique character make it an exceptional investment opportunity. This is a single-tenant property, ensuring exclusive use and control. Consider the potential for this adaptable space to serve your business needs in a highly sought-after area of Indianapolis.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,072,538
    Hospitality
    $982,439
    Educational
    $817,377
    Medical
    $845,488
    Retail
    $1,271,476
5102 Central Ave, Indianapolis, Indiana

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.8452
Longitude
-86.1504
CBSA code
26900
CBSA name
INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
$69,100
$168,600
$237,700
-
$69,100
$168,600
$237,700

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