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1309 S High School Rd 5,200 SF Retail Building Indianapolis, IN 46241 $875,000 ($168.27/SF)


Investment Highlights
- Prominent hard corner location at US 40 and High School Road with excellent retail visibility and traffic exposure.
- Flexible configuration with two entrances, firewall separation and two restrooms that can support single or future multi tenant use.
- Rear dock high loading area with overhead door that streamlines deliveries and inventory handling for owner operators.
- Immediate access to I 465 providing efficient regional connectivity across the Indianapolis metro and airport area.
- Bright retail showroom environment with approximately 12 foot ceilings and energy efficient LED lighting throughout.
- Optional on site storage with two 10 by 40 foot shipping containers that seller is willing to leave for buyer’s use, if desired.
Executive Summary
This rare owner user opportunity offers a highly visible commercial building in one of the strongest west side corridors that Indianapolis has to offer. Positioned on the northeast corner of US 40 and High School Road, just one block west of the I 465 interchange, the property delivers outstanding exposure to both commuter and neighborhood traffic and convenient regional access for customers, staff and deliveries.
Currently operated as a bicycle shop, the building is well suited for retail, showroom, service, or specialty uses that value strong signage and easy parking. The interior features approximately 12 foot ceiling heights with efficient LED lighting that creates a bright, welcoming sales environment. An updated HVAC system installed in 2018 supports comfortable, cost conscious operations for the next owner.
The layout is particularly attractive for an owner occupant buyer. Two separate entrances, divided by a firewall and firewall door, along with two restrooms, create the option to operate as a single user space today while preserving the flexibility to demise the building for a second income producing tenant in the future if desired. At the rear of the building, a loading dock with overhead door and dedicated loading area simplify receiving, inventory management and outbound distribution.
For users that require additional storage, the seller is willing to leave two 10 foot by 40 foot shipping containers on site for added secure capacity, subject to buyer preference and local regulations. Located within minutes of the I 465 loop and with convenient access to the broader Indianapolis metro and the airport area, this property offers a compelling combination of visibility, functionality and long term flexibility for an owner user buyer.
Currently operated as a bicycle shop, the building is well suited for retail, showroom, service, or specialty uses that value strong signage and easy parking. The interior features approximately 12 foot ceiling heights with efficient LED lighting that creates a bright, welcoming sales environment. An updated HVAC system installed in 2018 supports comfortable, cost conscious operations for the next owner.
The layout is particularly attractive for an owner occupant buyer. Two separate entrances, divided by a firewall and firewall door, along with two restrooms, create the option to operate as a single user space today while preserving the flexibility to demise the building for a second income producing tenant in the future if desired. At the rear of the building, a loading dock with overhead door and dedicated loading area simplify receiving, inventory management and outbound distribution.
For users that require additional storage, the seller is willing to leave two 10 foot by 40 foot shipping containers on site for added secure capacity, subject to buyer preference and local regulations. Located within minutes of the I 465 loop and with convenient access to the broader Indianapolis metro and the airport area, this property offers a compelling combination of visibility, functionality and long term flexibility for an owner user buyer.
Taxes & Operating Expenses (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
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| Taxes |
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2026) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
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| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
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| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,200 SF
Building Class
C
Year Built
1984
Price
$875,000
Price Per SF
$168.27
Building Height
1 Story
Slab To Slab
12’
Building FAR
0.37
Lot Size
0.33 AC
Zoning
ZO01 - Zoned for retail use, suitable for a range of neighborhood and destination retail or showroom concepts.
Parking
30 Spaces (5.77 Spaces per 1,000 SF Leased)
Frontage
238’ on W Washington St
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-12-13-104-014.000-930 | Improvements Assessment | $118,100 (2024) |
| Land Assessment | $78,300 (2024) | Total Assessment | $196,400 (2024) |
Property Taxes
Parcel Number
49-12-13-104-014.000-930
Land Assessment
$78,300 (2024)
Improvements Assessment
$118,100 (2024)
Total Assessment
$196,400 (2024)
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1309 S High School Rd
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