3919 Madison Ave - Storefront FOR SALE


Indianapolis, IN 46227
$4,100,000 USD
317-814-2111
3919 Madison Ave, Indianapolis, IN for Sale
$4,100,000 USD
Storefront - FOR SALE
1/3
null | 8.67% Cap Rate

3919 Madison Ave
Indianapolis, IN 46227


HIGHLIGHTS

  • Renovated center
  • Long term leases in place
  • Value add opportunities

OVERVIEW

University Shoppes is a well maintained center featuring a stunning exterior and offer exceptional visibility. Situated on the hard corner of Madison Ave and Hanna Ave. on the southside of Indianapolis. This center benefits from easy access to a dense residential population and immediate proximity to the University of Indianapolis with 5600 students. Conveniently located less than 4 miles from the heart of downtown Indy and a access to major highways, including I-465 and US 31 which runs north and south through the city. Please contact broker for Offering Memorandum.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$109 USD /SF

CAP RATE

8.67%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

University Shoppes

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

175

LAND DETAILS

LAND ACRES

7.79 AC

LAND SF

339,332 SF

ZONING

Commercial

APN/PARCEL ID

49-11-25-107-013.000-501

ASK ABOUT THIS PROPERTY

Jodi MiltoC21 CommercialMore Info
317-814-2111

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Jodi MiltoC21 CommercialMore Info
317-814-2111

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