479 Ritter AveIndianapolis, IN 46219

Property Details for 479 Ritter Ave

Year built

1949

Construction

TYPE NOT SPECIFIED

Lot size

0.15 AC

Property size (Sq ft)

2,612 SF

Zone code

ZO01

Property type

Retail properties

Property subtype

Retail space

APN

49-10-10-138-025.000-701

APU

491010138025000701

Description

This exceptional mixed-use property, totaling nearly 15,000 square feet across three buildings on a 1.91-acre lot, presents a unique investment opportunity in Indianapolis, Indiana. Located conveniently three miles from I-465 on the east side of the city, the property boasts versatile C5 zoning, allowing for a wide range of uses including retail, office, auto repair, logistics, and more. The property comprises ten parcels and includes a front building with four retail and office suites, featuring two garage doors and a forklift access door. Specific suite details include a north office area with three offices, a restroom, conference room, and forklift door

• CAP approach

  CAP return

  Valuation

  6%

  $499,477

  6.5%

  $461,056

  7%

  $428,123

• Comparable approach

  Method

  Valuation

  Relative Method

  $621,076

  Geo Method

  $621,076

• Alternative Use

  Use

  Valuation

  Residential

  $388,918

  Hospitality

  $356,247

  Educational

  $296,393

  Medical

  $306,587

  Retail

  $461,056

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.7603

Longitude

-86.0731

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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