3131 Shelby StIndianapolis, IN 46227

Property Details for 3131 Shelby St

Year built

1950

Construction

WOOD

Lot size

0.37 AC

Property size (Sq ft)

3,732 SF

Zone code

ZO01

Property type

Retail space

APN

49-10-30-122-001.123-501

APU

491030122001123501

Description

This exceptional investment opportunity presents a well-established bar located at 3131 Shelby St, Indianapolis, IN 46227. The property boasts 3,739 square feet of net rentable space within a single-story building situated on a generous 15,000 square foot lot. Currently operating at 100% occupancy, this stabilized investment offers a substantial net operating income (NOI) of $89,000. The bar is a long-time owner-operated business, and the sale includes all fixtures, furniture, and equipment (FF&E) on an "as-is" basis. The property is classified as Class D retail and is offered at an asking price of $699,000. This presents a rare chance to acquire a profitable, turnkey operation in a desirable Indianapolis location. The property's strong performance and established clientele make it an attractive investment for experienced operators seeking a stable and income-generating asset. All information is deemed reliable but not guaranteed.

• CAP approach

  CAP return

  Valuation

  6%

  $712,266

  6.5%

  $657,476

  7%

  $610,514

• Comparable approach

  Method

  Valuation

  Relative Method

  $884,296

  Geo Method

  $884,296

• Alternative Use

  Use

  Valuation

  Residential

  $554,606

  Hospitality

  $508,016

  Educational

  $422,663

  Medical

  $437,199

  Retail

  $657,476

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.7199

Longitude

-86.1392

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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