1102 Stop 11 RdIndianapolis, IN 46227

Property Details for 1102 Stop 11 Rd

Year built

2018

Construction

WOOD

Lot size

1.33 AC

Property size (Sq ft)

8,040 SF

Property type

Office properties

APN

49-15-18-117-004.000-500

APU

491518117004000500

Description

This exceptional Indianapolis investment opportunity comprises three commercial buildings totaling 21,105 square feet on a 2.15-acre lot. Strategically located at a high-traffic intersection near US 31, between Indianapolis and Greenwood, this property boasts exceptional visibility thanks to prominent signage and multiple ingress/egress points. The portfolio includes three buildings: one 3,105 square foot building on a 0.82-acre lot, one 8,000 square foot building, and a 10,000 square foot building situated on a 1.33-acre lot. Currently, two buildings are fully occupied by established tenants, including Armed Forces Recruiters, Ceu Family Market, and Azzip Pizza, providing immediate cash flow. The third building offers a unique opportunity for owner-occupancy or lease to a new tenant. The property features a concrete parking lot with 90 shared spaces and benefits from flexible C3 zoning. This modern, contemporary design stands out in the market, offering a rare combination of established income and future growth potential. The asking price is $5,200,000. This is an ideal investment for those seeking a legacy asset with strong, enduring returns.

• CAP approach

  CAP return

  Valuation

  6%

  $1,042,654

  6.5%

  $962,450

  7%

  $893,704

• Comparable approach

  Method

  Valuation

  Relative Method

  $754,424

  Geo Method

  $754,424

• Alternative Use

  Use

  Valuation

  Residential

  $1,193,438

  Hospitality

  $1,093,183

  Educational

  $909,515

  Medical

  $940,795

  Retail

  $1,414,802

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.6505

Longitude

-86.139

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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