710 52Nd StIndianapolis, IN 46205

For Sale
$1,000,000

4,072 SF Office/Retail, 8 Parking Spaces

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional 4,072-square-foot storefront property at 710 E 52nd Street in Indianapolis, Indiana, presents a compelling investment opportunity. Located in a prime Broad Ripple area location, this single-story, Class C building sits on a 0.25-acre lot and boasts eight on-site parking spaces—a rare find in this market. Built in 1930, the property is zoned C-3, allowing for diverse uses including retail, office, and light warehouse space. The building features a convenient garage entry from the parking lot, adding to its functionality. With three units and a net rentable area of 4,072 square feet, the asking price is $1,000,000, translating to $245.58 per square foot. The property is offered as a Triple Net (NNN) lease, with a single tenancy. This location offers significant potential for redevelopment or renovation, catering to a wide range of business needs. The substantial lot size and ample parking provide a significant advantage over comparable properties. This is a unique chance to acquire a versatile commercial property in a thriving Indianapolis neighborhood. The property's existing structure and zoning flexibility make it an ideal investment for both short-term and long-term growth.

Highlights

  • 4,072 SF storefront in prime Broad Ripple, Indianapolis.
  • Single-story, Class C building on a 0.25-acre lot with 8 parking spaces.
  • Zoned C-3, allowing for retail, office, or light warehouse use.
  • $1,000,000 asking price ($245.58/SF), Triple Net (NNN) lease, single tenant.

Property Details for 710 52Nd St

Property type
Other retail properties, Individual retail properties
Square Feet
4,072 SF
Class
C
Year Built
1930
Buildings
1
Stories
1
Lot Size (sq. ft)
10,890 SF
Units
3

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.8471122
Longitude
-86.1452111
710 52Nd St, Indianapolis, Indiana

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710 52Nd St
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