4001 Madison Ave - Freestanding FOR SALE


Indianapolis, IN 46227- North Perry
$1,400,000 USD
317-640-3360
4001 Madison Ave, Indianapolis, IN for Sale
$1,400,000 USD
Freestanding - FOR SALE
1/8
null | 6.58% Cap Rate

4001 Madison Ave
Indianapolis, IN 46227
North Perry


HIGHLIGHTS

  • Hard corner at Madison Ave and Hanna Ave
  • Very close to University of Indianapolis.

OVERVIEW

Prime investment opportunity. This is a Dollar Tree-anchored retail property with 3,200 SF of additional space ready for a second tenant (perfect for a QSR, coffee shop, convenience store, or student-focused service like tutoring/printing). It's located at the high-visibility hard corner of Madison Ave & Hanna Ave, literally steps from the University of Indianapolis (UIndy) main campus entrance.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$109 USD /SF

CAP RATE

6.58%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

77

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,825 SF

ZONING

C-3

APN/PARCEL ID

49-11-36-101-001.018-501

ASK ABOUT THIS PROPERTY

Steve KlineKline Properties, Inc.More Info
317-640-3360

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Steve KlineKline Properties, Inc.More Info
317-640-3360

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