7001 Madison AveIndianapolis, IN 46227

For Sale
$585,000

Prime Indianapolis retail space, vacant, high visibility.

Overview

Added:
Dec 11, 2024
Days on market:
92
This 3,745 square foot storefront, located at 7001 Madison Ave in Indianapolis, Indiana, presents a compelling value-add investment opportunity. The property, built in 1962, sits on a 0.41-acre lot and offers 13 parking spaces. Currently vacant, this single-story building boasts exceptional visibility due to its prime corner location at a signalized intersection, ensuring high traffic flow. With 165 feet of road frontage, the property benefits from significant exposure to a densely populated area, boasting an 84,000-person population within a 3-mile radius. The building's large footprint is suitable for a variety of commercial uses, making it an ideal candidate for redevelopment or occupancy by an office user. The asking price is $585,000, translating to $156.21 per square foot. The property is offered fee simple. This is a rare chance to acquire a well-positioned retail space in a thriving Indianapolis neighborhood.

Highlights

  • $585,000 asking price for this value-add retail storefront.
  • 3,745 square foot building on a 0.41-acre lot in Indianapolis, Indiana.
  • Vacant, single-unit storefront with 13 parking spaces.
  • Located at a signalized intersection on Madison Ave with high visibility and traffic.
  • Built in 1962, featuring 165 feet of road frontage.
  • Fee simple ownership with a broker co-op available.

Property Details for 7001 Madison Ave

Property type
Other retail properties, Individual retail properties
Square Feet
3,745 SF
Year Built
1962
Buildings
1
Stories
1
Lot Size (sq. ft)
17,860 SF
Units
1

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.664966987127
Longitude
-86.126428177672
7001 Madison Ave, Indianapolis, Indiana

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7001 Madison Ave
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