2402 Lake Circle DrIndianapolis, IN 46268

Property Details for 2402 Lake Circle Dr

Year built

1987

Construction

TYPE NOT SPECIFIED

Lot size

11.06 AC

Property size (Sq ft)

43,604 SF

Zone code

ZO01

Property type

Strip malls

Property subtype

Neighborhood centers

APN

49-03-17-124-021.000-600

APU

490317124021000600

Description

Willow Lake East, located at 2402 Lake Cir Dr, Indianapolis, IN 46268, presents a prime retail or restaurant opportunity in a thriving strip center. This property boasts a total of 85,923 square feet, offering three available suites with flexible space options. Individual suites range from a minimum of 3,244 square feet to a maximum contiguous space of 4,456 square feet, providing versatility for various business needs. Currently, 11,691 square feet are vacant, presenting a significant opportunity for expansion or new tenancy. The center benefits from a highly desirable location, strategically positioned within a dense office community. This advantageous location ensures high visibility and accessibility, supported by a substantial daytime population exceeding 112,000 within a three-mile radius. The property's central location and strong surrounding demographics make it an ideal investment for businesses seeking high foot traffic and a robust customer base. This is a rare opportunity to secure retail space in a well-established center with excellent potential for growth and profitability. Contact us today to learn more about leasing opportunities at Willow Lake East.

• CAP approach

  CAP return

  Valuation

  6%

  $8,334,060

  6.5%

  $7,692,978

  7%

  $7,143,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,358,936

  Geo Method

  $10,358,936

• Alternative Use

  Use

  Valuation

  Residential

  $6,489,316

  Hospitality

  $5,944,178

  Educational

  $4,945,486

  Medical

  $5,115,569

  Retail

  $7,692,978

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.9145

Longitude

-86.2035

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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