6280 College AveIndianapolis, IN 46220

Property Details for 6280 College Ave

Year built

2013

Construction

CONCRETE

Lot size

1.24 AC

Property size (Sq ft)

104,694 SF

Zone code

ZO01

Property type

Parking lots & garages

APN

49-03-35-101-001.000-801

APU

490335101001000801

Description

The Marko on the Canal, located at 6280 N College Ave in Indianapolis, Indiana (zip code 46220), offers exceptional retail and restaurant space for lease. This multi-tenant property boasts a total of 26,471 square feet, with a significant portion currently available. A minimum of 1,907 square feet is divisible, allowing for flexibility in tenant needs, while a maximum of 5,290 contiguous square feet is available for larger businesses. Currently, 9,559 square feet of space is vacant, presenting a unique opportunity for immediate occupancy. One existing space of 2,362 square feet is ready for lease. Further expansion is anticipated in early 2024 with the addition of 7,200 square feet of retail/restaurant space in the second phase of development. The property features ample parking with 350 spaces available for customers and employees. Situated in Marion County, this location provides excellent access to a thriving Indianapolis market. This is an ideal opportunity for businesses seeking a high-visibility location with substantial space and convenient parking. The property is classified as Street Retail and is perfect for a variety of retail and restaurant concepts.

• CAP approach

  CAP return

  Valuation

  6%

  $20,019,580

  6.5%

  $18,479,612

  7%

  $17,159,640

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,892,942

  Geo Method

  $24,892,942

• Alternative Use

  Use

  Valuation

  Residential

  $15,588,244

  Hospitality

  $14,278,748

  Educational

  $11,879,750

  Medical

  $12,288,313

  Retail

  $18,479,612

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.8691

Longitude

-86.1467

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].