Retail or Professional Office Building

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30073416
Property Subtypes: Free-Standing Building, Restaurant, Other
Building Size (RSF): 3,240 SF
Gross Land Area: 0.24 Acres
Sale Price: $592,650
Unit Price: $182.92 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Moreau Building
Usable Size (USF): 3,240 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/17/2017

Overview / Comments

This property has been used as a business at this location for at least 30yrs. The large rooms allow the new owner to utilize every square inch of this space to their advantage when design there own interior. The house is build with charm and all the character of a home built in the era. The exterior is all brick and the extra parking is great for clients and employees.

Financials

Finance Data Year 2009
Real Estate Taxes - Annual($) $5,178 (Annual)
Tax Value Land $31,500
Tax Value Improvements $190,400
Assessed Value - Total($) $221,900 (Annual)

Additional Details

Nearest MSA: Indianapolis-Carmel-Anderson
County: Marion
Tax ID/APN: 49-06-13-120-010.000-801
Zoning: C-1
Retail Clientele: Family, Business, Recreation, Convention, Casino
Property Located Between: The Fair Grounds & Crown Cemitary
Property Visibility: Excellent
Largest Nearby Street: 38th
Feet of Frontage: 120
Area Description: This area has seen a surge in development and in infrastructure improvements stating with a 20++ million dollar investment in the Fair Ground and an additional 40++ million in road and side walk crossings along 38th street
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 1,200 SF
Property Condition: Good
Year Built: 1939
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Low maintenance with all brick on the exterior
Total Parking Spaces: 20
Parking Type: Surface
Parking Description: Gated parking lot
Sprinklers: None
Heat Type: Natural Gas, Hot Water
Heat Source: Ceiling Units, Heat Pump
Air Conditioning: Package Unit
Internet Access: Cable, DSL
Interior Description: charming through out
Water Service: Municipal
Sewer Type: Municipal
Legal Description: MAPLE COURT L29

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,176 111,203 306,101
Median Age: 35.4 35.89 35.34
Households: 7,097 47,921 126,853

Source

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