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4001 Madison Ave
Indianapolis, IN 46227
Walgreens · Retail Property For Sale
Investment Highlights
- Hard corner at Madison Ave and Hanna Ave
- Very close to University of Indianapolis.
Executive Summary
Prime investment opportunity. This is a Dollar Tree-anchored retail property with 3,200 SF of additional space ready for a second tenant (perfect for a QSR, coffee shop, convenience store, or student-focused service like tutoring/printing). It's located at the high-visibility hard corner of Madison Ave & Hanna Ave, literally steps from the University of Indianapolis (UIndy) main campus entrance.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,896 SF
Building Class
C
Year Built
1993
Price
$1,800,000
Price Per SF
$139.58
Cap Rate
8.80%
NOI
$158,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.58 AC
Zoning
ZO01 - C-3 District is for the development of an extensive range of retail sales and personal, professional and business services.
Parking
77 Spaces (5.92 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 49-11-36-101-001.018-501 | Improvements Assessment | $880,100 |
| Land Assessment | $276,100 | Total Assessment | $1,156,200 |
Property Taxes
Parcel Number
49-11-36-101-001.018-501
Land Assessment
$276,100
Improvements Assessment
$880,100
Total Assessment
$1,156,200
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Contact the Sale Advisor
Walgreens | 4001 Madison Ave