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3003 S Kentucky Ave 2,458 SF Retail Building Indianapolis, IN 46221 $400,000 ($162.73/SF)
INVESTMENT HIGHLIGHTS
- 2 dedicated parking lots with 44 spaces combined
- Year Built: 1957
- 3 drive-thru lanes
- Zoning: C-5, General Commercial District
EXECUTIVE SUMMARY
Former bank branch on a corner lot with great visibility and access along Kentucky Avenue that is well-suited for a variety of uses. Includes a 0.36acre paved lot on the east side of 4th Street with additional parking and redevelopment potential. Located near the southwest I-70/I-465 interchange and is less than 15 minutes from the Indianapolis International Airport and downtown Indianapolis.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
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-
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| Total Expenses |
$99,999
|
$9.99
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TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
2,458 SF
Building Class
B
Year Built/Renovated
1957/1971
Price
$400,000
Price Per SF
$162.73
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.81 AC
Zoning
C-5 - Commercial
Parking
20 Spaces (8.14 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-11-29-111-428.000-200 | Improvements Assessment | $158,900 (2024) |
| Land Assessment | $90,600 (2024) | Total Assessment | $249,500 (2024) |
PROPERTY TAXES
Parcel Number
49-11-29-111-428.000-200
Land Assessment
$90,600 (2024)
Improvements Assessment
$158,900 (2024)
Total Assessment
$249,500 (2024)
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