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Listed by Keith Turnbill • RE/MAX Advanced Realty
$ 3,800,000
Est. payment /mo
Active
1107 N Arlington AVE Indianapolis, IN 46219
56,556 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 56,556 sqft
Price per Sqft $67
MLS Listing ID 22091653
Tax Year 2024
Lot Size 4.450 Acres
Acres 4.45
Property Sub-Type Retail
Property Description
Prime value-add retail shopping center opportunity with potential for over a 9.00% cap rate. This established neighborhood center offers 56,556 square feet of retail space across two single-story buildings, situated on approximately 5.36 acres with an expansive 141,540-square-foot parking area providing abundant customer and employee parking. Originally constructed in 1974 and updated in 2017, the property combines seasoned stability with recent improvements, making it suitable for both long-term hold and repositioning strategies. Centrally located at 1107-1163 N Arlington Ave in Indianapolis, Indiana (Marion County), the center benefits from excellent visibility, strong traffic exposure, and convenient access to area interstates, drawing customers from a broad trade area. A wide variety of tenants creates a diverse income stream and steady customer traffic throughout the day. This offering presents a compelling opportunity for investors seeking a well-located, income-producing retail asset with immediate cash flow potential and room for further value creation in the dynamic Indianapolis market.
Location
State IN
County Marion
Zoning C-4
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Story 1
New Construction false
Schools
School District Indianapolis Public Schools
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