317-709-1682
3643-3677 W 86th St, Indianapolis, IN for Sale
Storefront Retail/Office - FOR SALE
1/3
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3643-3677 W 86th St
Indianapolis, IN 46268


OVERVIEW

The College Park Shopping Center, 20,176 square feet, stands as a premier retail center located at the high-traffic intersection of 86th Street and Michigan Road in Indianapolis. Its strategic position, bolstered by an exclusive left turn lane, guarantees easy access for consumers, enhancing its leasing opportunities. Fully leased with an average base-rent below the market’s average of $21.40 —this center offers noteworthy investment upside. Its mix of long-standing, smaller tenants highlights a robust occupancy history and location desirability. College Park Shopping Center represents a significant retail center and an attractive opportunity for value-add and innovative leasing strategies.? Sell Off Single Tenant Asset - The property has a single tenant, stand alone property that could be spun off after the sale to help recapture your purchase price and lower the new owner’s basis.? Below Market Rent - The property's average base rent is lower than comparable properties in the area. Landlord Termination Rights - Fast termination options would allow a buyer to capture new market opportunities in an inexpensive manner

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

College Park Place Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

110

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

ZO01

APN/PARCEL ID

49-03-19-126-014.000-600,49-03-19-126-015.000-600

ASK ABOUT THIS PROPERTY

Joseph CoombesMarket Commercial Real EstateMore Info
317-709-1682

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Joseph CoombesMarket Commercial Real EstateMore Info
317-709-1682

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