2610 Madison AveIndianapolis, IN 46225

Property Details for 2610 Madison Ave

Year built

1955

Construction

WOOD

Lot size

0.12 AC

Property size (Sq ft)

6,600 SF

Zone code

ZO01

Property type

Other commercial real estate

APN

49-11-24-119-065.000-101

APU

491124119065000101

Description

This exceptional 2,200 square foot retail space is ideally situated at 2610 Madison Ave, Indianapolis, IN 46225, at the busy intersection of Madison Ave and E Southern Ave. Currently configured as a single-tenant space, this property offers remarkable flexibility. It can be easily divided into two 1100 sq ft units with minimal renovations, providing options for multiple businesses or expansion potential. The asking rent is $18 per square foot, plus NNN charges, with lease terms negotiable. This location benefits from significant ongoing development, including a $12 million project at nearby Garfield Park and a recently completed, fully occupied 5 million dollar townhome development. Further enhancing its appeal, a new gas station and hotel are planned for the immediate vicinity. The high traffic count of approximately 20,000 vehicles daily ensures excellent visibility and accessibility. The property is zoned for commercial use and is perfect for a variety of businesses, including salons, parlors, spas, and fast-food establishments. Long-term tenants are preferred.

• Alternative Use

  Use

  Valuation

  Residential

  $980,681

  Hospitality

  $898,299

  Educational

  $747,374

  Medical

  $773,077

  Retail

  $1,162,582

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.7295

Longitude

-86.1544

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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