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31305181
31305180

1107 N Arlington Ave, Indianapolis, IN 46219

RE/MAX Advanced Realty
Listed by RE/MAX Advanced Realty
$3,800,000
73 days on market
Updated 71 days ago

1107 N. Arlington Avenue

Details
APN 49-07-35-106-080.000-701
Property Type Retail
Sub Type Shopping Center
Square Footage 56,556
Cap Rate 9.11%
Occupancy 90%
Price per SqFt $67
Year Built 1974
Year Renovated 2017
Buildings 2
Stories 1
Acreage 5.360
Zoning C-4

Retail | 9.11% CAP | 56,556 SqFt

Marketing description

Prime value-add retail shopping center opportunity with potential for over a 9.00% cap rate. This established neighborhood center offers 56,556 square feet of retail space across two single-story buildings, situated on approximately 5.36 acres with an expansive 141,540-square-foot parking area providing abundant customer and employee parking. Originally constructed in 1974 and updated in 2017, the property combines seasoned stability with recent improvements, making it suitable for both long-term hold and repositioning strategies. Centrally located at 1107-1163 N Arlington Ave in Indianapolis, Indiana (Marion County), the center benefits from excellent visibility, strong traffic exposure, and convenient access to area interstates, drawing customers from a broad trade area. A wide variety of tenants creates a diverse income stream and steady customer traffic throughout the day. This offering presents a compelling opportunity for investors seeking a well-located, income-producing retail asset with immediate cash flow potential and room for further value creation in the dynamic Indianapolis market.

Listing Contacts

RE/MAX Advanced Realty
Listed by RE/MAX Advanced Realty

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