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Broad Ripple Core Retail Assemblage 2 Retail Properties Offered at $2,572,800 in Indianapolis, IN
Investment Highlights
- Prime Broad Ripple core location within a highly walkable retail corridor
- Multi-tenant commercial asset with stable in-place income
- 18 on-site parking spaces — rare for the submarket
- 2 contiguous parcels improved with 2 commercial buildings totaling ±7,680 SF
- Predominantly NNN lease structure
- C-4 commercial zoning allowing broad permitted uses
Executive Summary
902 & 908 E Westfield Blvd present a multi-tenant commercial investment opportunity located in the heart of the Broad Ripple mixed-use corridor. The offering consists of two contiguous parcels improved with two commercial buildings totaling approximately 7,680 square feet. The property includes flexible ground-floor and second-floor spaces suitable for retail or general commercial use, providing stable in-place income within one of Indianapolis’ most established mixed-use corridors.
The asset is currently occupied by three tenants under a predominantly NNN lease structure. The property has undergone documented capital improvements, including multiple HVAC replacements between 2015 and 2025 and well-maintained roofing systems, reducing near-term capital expenditure risk for incoming ownership.
Zoned C-4 (Commercial) and adjacent to the Broad Ripple Canal, the site offers strong corridor positioning, walkability, and long-term redevelopment optionality. The inclusion of approximately 18 on-site parking spaces — a rare amenity in this submarket — further enhances tenant stability and future value potential.
The asset is currently occupied by three tenants under a predominantly NNN lease structure. The property has undergone documented capital improvements, including multiple HVAC replacements between 2015 and 2025 and well-maintained roofing systems, reducing near-term capital expenditure risk for incoming ownership.
Zoned C-4 (Commercial) and adjacent to the Broad Ripple Canal, the site offers strong corridor positioning, walkability, and long-term redevelopment optionality. The inclusion of approximately 18 on-site parking spaces — a rare amenity in this submarket — further enhances tenant stability and future value potential.
Data Room Click Here to Access
- Operating and Financials
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $2,572,800 | Number of Properties | 2 |
| Price / SF | $335.00 / SF | Individually For Sale | 0 |
| Cap Rate | 5.86% | Total Building Size | 7,680 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.20 AC |
| Status | Active |
| Price | $2,572,800 |
| Price / SF | $335.00 / SF |
| Cap Rate | 5.86% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 7,680 SF |
| Total Land Area | 0.20 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 902 E Westfield Blvd, Indianapolis, IN 46220 | Retail | 4,680 SF | 1870 | - |
| 908 Westfield Blvd, Indianapolis, IN 46220 | Retail | 3,000 SF | 1998 | - |
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Broad Ripple Core Retail Assemblage