9503 E Washington Street, Indianapolis, IN
$ 1,249,000
Property Attributes
  • MLS#21892081
  • TypeCommercial
  • CountyMARION
  • CityIndianapolis
  • AreaWarren
  • Zip46229
  • StyleRetail
  • Year Built1985
  • Taxes$ 16824
  • Price$ 1,249,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4050
  • Lot Size0.914 Acres
Data Source:
Metropolitan Indianapolis MLS (MIBOR)
Property Description

This retail center offers a 5 year lease from the main tenant (Car X) and the ability to lease the remaining square footage to greatly increase the cap rate. The pro forma cap rate is over 8.50%. The available spaces for lease are 1,350 square feet up to 4,050 square feet. This property offers excellent visibility with high traffic counts. It could be a great place for your retail or office use. Perhaps is could be a nail salon, hair salon, tax preparation, dollar store, check cashing, groceries, accountant, attorney, insurance company, etc.

Price History
11/4/2022 Listed $1,249,000

General Features

City Indianapolis
Cooling Separate Meters
County Marion
Current Use Retail
Directions West of Mitthoeffer Road on the south side of Washington Street
Disclosures Not Applicable
Net Operating Income 106270
New Construction No
Possession Negotiable
Property SubType Retail
Property Type Commercial Sale
Standard Status Active
Status Active
Street Name Washington
Tax Year 2021
Township Warren
Year Built 1985
Zoning C-4

Interior Features

Street Suffix Street

Exterior Features

Days on Market 66
Lot Size Acres 0.914


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 46229

AVG $850K
AVG $10,628
AVG 47
Year Built
AVG 1985
AVG 53
Data Provided by Walkscore ® not using MLS data

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