3637 38Th StIndianapolis, IN 46218

For Sale
$450,000

Two-Space Retail Building, High Growth Area

Overview

Added:
Feb 3
Days on market:
38
This exceptional retail investment opportunity is located at 3637 E 38th Street in Indianapolis, Indiana. The property encompasses a 1,798 square foot building situated on a 0.52-acre lot, offering significant potential for expansion. Currently, the center houses two retail spaces. One space, measuring 800 square feet, is available for immediate occupancy, presenting a fantastic chance for a new business to establish itself in a thriving location. The second space is a convenience store operating under a lease agreement extending through 2026, providing a stable and predictable income stream. The existing building's layout is well-suited for a variety of retail uses, and the generous lot size allows for the construction of an additional 1,500 square feet of building space, providing ample room for future growth and expansion. This presents a unique opportunity to increase the property's value and rental income. The property's strategic location in Indianapolis offers excellent visibility and accessibility, ensuring high foot traffic and strong potential for attracting customers. This is an ideal investment for those seeking a stable, income-producing asset with significant upside potential. The asking price for this prime retail center is $450,000. Don't miss this chance to acquire a valuable piece of Indianapolis real estate.

Property Details for 3637 38Th St

Property type
Retail properties, Other retail properties
Square Feet
1,798 SF
Year Built
1965
Lot Size (sq. ft)
22,651 SF

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.82502
Longitude
-86.10478
3637 38Th St, Indianapolis, Indiana

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3637 38Th St
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