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4550 Allisonville Rd 3,000 SF 100% Leased Office Building Indianapolis, IN 46205 $471,770 ($157.26/SF) 10% Cap Rate
EXECUTIVE SUMMARY
- Two-Tenant Retail Building featuring established, locally operated businesses — Infinity Hair Studio and Pride Photography
- Stabilized Investment: Both tenants have operated at this location for over 10 years and reimburse for CAM, Taxes, and Insurance
- Value-Add Potential: Current rents are below market, offering opportunity for future rent growth
- Positioned along Allisonville Road (19,300 VPD) and 46th Street (10,900 VPD) with new, fully leased apartments directly behind the property
- 10 minutes to Downtown Indianapolis and 2 minutes to the Indiana State Fairgrounds and Fall Creek Parkway (23,400 VPD)
- Stabilized Investment: Both tenants have operated at this location for over 10 years and reimburse for CAM, Taxes, and Insurance
- Value-Add Potential: Current rents are below market, offering opportunity for future rent growth
- Positioned along Allisonville Road (19,300 VPD) and 46th Street (10,900 VPD) with new, fully leased apartments directly behind the property
- 10 minutes to Downtown Indianapolis and 2 minutes to the Indiana State Fairgrounds and Fall Creek Parkway (23,400 VPD)
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
3,000 SF
Building Class
C
Year Built/Renovated
1916/1999
Price
$471,770
Price Per SF
$157.26
Cap Rate
10%
NOI
$47,177
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,000 SF
Building FAR
0.18
Lot Size
0.39 AC
Opportunity Zone
Yes
Zoning
C-3
Parking
20 Spaces (6.67 Spaces per 1,000 SF Leased)
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Infinity Hair Salon
- Services
-
99,999 SF
- -
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Infinity Hair Salon | Services | 99,999 SF | - | Jan 0000 |
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Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 49-07-17-100-022.000-801 | Improvements Assessment | $108,800 |
| Land Assessment | $38,200 | Total Assessment | $147,000 |
PROPERTY TAXES
Parcel Number
49-07-17-100-022.000-801
Land Assessment
$38,200
Improvements Assessment
$108,800
Total Assessment
$147,000
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