10863 Washington StIndianapolis, IN 46229

Property Details for 10863 Washington St

Year built

1996

Construction

TYPE NOT SPECIFIED

Lot size

1.02 AC

Property size (Sq ft)

6,336 SF

Zone code

ZO01

Property type

Retail properties

Property subtype

Retail space

APN

49-09-04-115-002.000-700

APU

490904115002000700

Description

This exceptional retail opportunity encompasses 4,824 square feet of readily available space, ideally situated on an outlot adjacent to a Walmart Supercenter. The property boasts unparalleled visibility on East Washington Street, a major thoroughfare experiencing high daily traffic volume exceeding 30,000 vehicles. This ensures maximum exposure for your business, guaranteeing significant foot traffic and brand recognition. The space is perfect for a variety of retail uses, offering ample room for a diverse range of businesses. Its convenient location and high-traffic exposure make it an ideal investment for businesses seeking a prominent presence in a bustling commercial area. The single available space provides flexibility for customization to suit specific business needs. The property's strategic placement on an outlot provides easy access and ample parking for customers and employees. This prime location offers a unique opportunity to establish a thriving business in a high-demand area with exceptional visibility and accessibility. Don't miss this chance to secure a prominent retail space in a thriving commercial hub. The property is classified as retail with an office subtype and is available for multiple tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $1,375,444

  6.5%

  $1,269,641

  7%

  $1,178,952

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,982,907

  Geo Method

  $1,982,907

• Alternative Use

  Use

  Valuation

  Residential

  $1,070,989

  Hospitality

  $981,020

  Educational

  $816,198

  Medical

  $844,268

  Retail

  $1,269,641

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.7752

Longitude

-85.9738

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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