2740 Madison AveIndianapolis, IN 46225

Property Details for 2740 Madison Ave

Year built

1920

Construction

WOOD

Lot size

0.90 AC

Property size (Sq ft)

12,973 SF

Zone code

ZO01

Property type

Commercial real estate

APN

49-11-24-119-026.000-101

APU

491124119026000101

Description

This exceptional 12,973 square foot retail property, located at 2740 Madison Avenue in Indianapolis, Indiana, presents a unique investment or leasing opportunity. The building, constructed in 1920 and classified as Class C, boasts a significant 10,373 square feet of vacant space, ideal for a single tenant. Situated on a highly visible retail corridor, this property benefits from its strategic location between established businesses like Planet Fitness and McDonald's, ensuring high foot traffic and excellent brand visibility. Recent improvements significantly enhance the property's appeal, including a completely renovated storefront, a new roof, updated restrooms, a new HVAC system, and ample electrical capacity. The building also features two convenient overhead doors, adding to its functional versatility. The property is located in Marion County, Indiana, with a zip code of 46225. This is a rare chance to acquire a well-located, significantly improved retail space in a thriving Indianapolis neighborhood. The property is available for both sale and lease, offering flexibility to potential buyers and tenants. The substantial square footage and prime location make this an attractive proposition for businesses seeking a strong presence in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,908,580

  6.5%

  $1,761,760

  7%

  $1,635,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,219,460

  Geo Method

  $1,219,460

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,732,110

  Retail / Commercial

  $1,862,200

  Mixed-Use / Specialty

  $1,814,900

  Hospitality / Lodging

  $1,278,590

  Office

  $1,761,760

  Institutional / Educational

  $1,872,230

  Residential Income

  $2,190,510

  Multifamily

  $2,852,620

  Automotive / Energy

  $1,604,770

  Parking / Income-Based Land

  $593,963

  Restaurant / Food Service

  $857,155

  Healthcare / Senior Housing

  $1,902,850

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.7255

Longitude

-86.1527

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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