3919 Madison AveIndianapolis, IN 46227

Property Details for 3919 Madison Ave

Year built

1990

Construction

TYPE NOT SPECIFIED

Lot size

7.76 AC

Property size (Sq ft)

37,492 SF

Zone code

ZO01

Property type

Office properties

Property subtype

Other office properties

APN

49-11-25-107-013.000-501

APU

491125107013000501

Description

This exceptional commercial property, located at 3919 Madison Avenue in Indianapolis, Indiana, offers a versatile 11,515 square foot space ideal for a variety of uses. Currently entirely vacant, this multi-tenant building is classified as Retail, Office, and Industrial, with subtypes including Executive Office, Medical Office, and Distribution. The property sits on a sizable lot ranging from 0.592 to 1.207 acres in Marion County, providing ample space and potential for expansion or outdoor uses. The building's prime location at the hard corner of Hanna and Madison Avenue offers excellent visibility and accessibility. Its proximity to the University of Indianapolis, with its 5,600-student population, presents a unique opportunity to cater to a large and diverse clientele. The available space is divisible, offering flexibility for businesses of varying sizes. Specifically, there are two spaces available: one approximately 2,500 square feet and another approximately 12,858 square feet. This property presents a rare opportunity to establish a strong presence in a thriving Indianapolis neighborhood. The property's diverse zoning allows for a wide range of business possibilities, making it an attractive investment for both established companies and startups. Contact us today to learn more about this exceptional commercial opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $5,077,096

  6.5%

  $4,686,550

  7%

  $4,351,796

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,814,864

  Geo Method

  $3,814,864

• Alternative Use

  Use

  Valuation

  Residential

  $5,811,322

  Hospitality

  $5,323,140

  Educational

  $4,428,790

  Medical

  $4,581,102

  Retail

  $6,889,228

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.709

Longitude

-86.1415

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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