3301-3307 S Madison Ave - Freestanding FOR SALE


Indianapolis, IN 46227- North Perry
$2,548,638 USD
630-570-2238
3301-3307 S Madison Ave, Indianapolis, IN for Sale
$2,548,638 USD
Freestanding - FOR SALE
1/10
null | 9.25% Cap Rate

3301-3307 S Madison Ave
Indianapolis, IN 46227
North Perry


HIGHLIGHTS

  • 100% occupied with service based tenants | Compromised of automotive focused tenants
  • 4 out of 5 tenants operate on net leases | The 5th tenant pays a fixed amount covering their share of expenses
  • Modest and replaceable rents | Average rent per square foot is $10.19
  • Two tenants recently underwent expansions, demonstrating commitment to the site and continued customer demand
  • 240 feet of frontage along Madison Ave, which sees 18,709 vehicles per day | Near Interstates 465 & 65
  • 0.8 miles from University of Indianapolis campus, which serves 5,447 students

OVERVIEW

This 100% occupied retail center features service-based, automotive-focused tenants with strong lease structures—four operating under net leases and the fifth paying a fixed expense share. Tenants demonstrate long-term commitment through recent expansions and scheduled rent escalations, including annual increases of 5–6% and CPI-based adjustments. The property benefits from a prime location along Madison Avenue with 240 feet of frontage and traffic counts exceeding 18,700 vehicles per day, just minutes from Interstates 465 and 65, downtown Indianapolis, and the airport. Surrounded by major retailers and key demand drivers such as the University of Indianapolis and the Indianapolis Industrial Center, the site enjoys a robust daytime population of over 74,000 within three miles and 371,000 within five miles. With modest, replaceable rents averaging $10.19/SF and strong tenant performance, this asset offers stable income and attractive growth potential in a high-traffic corridor.

FOR SALE DETAILS

PRICE

$2,548,638 USD

PRICE/SF

$531 USD /SF

CAP RATE

9.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Madison Murry Assemblage Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

3.29 AC

LAND SF

143,312 SF

ZONING

ZO01

APN/PARCEL ID

49-11-25-105-003.000-501,49-11-25-105-006.000-501,49-11-25-105-009.000-501

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.