5970 Madison AveHomecroft, IN 46227

For Sale
$450,000

High-traffic corner lot, recently renovated.

Overview

Added:
Dec 11, 2024
Days on market:
90
This 1,025 square foot retail space, located at 5970 S Madison Ave in Indianapolis, Indiana, presents a compelling investment opportunity. The property, built in 1967, is classified as Class C and sits on a 0.23-acre lot (APN: 49-15-06-146-002.000-500). Its convenient storefront and convenience store configuration are ideal for a variety of businesses. The property boasts a prominent corner location with two curb cuts and a functional rotating sign, ensuring high visibility and accessibility. Recent renovations enhance its appeal. The C-3 zoning permits primarily retail use, aligning perfectly with the property's current configuration and potential future uses. The asking price is $450,000, translating to $439.02 per square foot. This owner-user investment opportunity is situated in Marion County, within the Homecroft area, and benefits from heavy traffic and operational signage. The single-story building offers one unit.

Highlights

  • 1,025 SF retail space in Indianapolis, IN on a 0.23-acre lot.
  • Class C building, built in 1967, with recent renovations.
  • Prominent corner location with two curb cuts and a rotating sign.
  • C-3 zoning allows for retail use.
  • Asking price: $450,000 ($439.02/SF).

Property Details for 5970 Madison Ave

Property type
Other retail properties, Individual retail properties
Square Feet
1,025 SF
Class
C
Year Built
1967
Buildings
1
Stories
1
Units
1

Location Insight

City
Homecroft
County
Marion
State
Indiana
Latitude
39.67970652733
Longitude
-86.132064457806
5970 Madison Ave, Homecroft, Indiana

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5970 Madison Ave
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