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3919 Madison Ave
Indianapolis, IN 46227 North Perry

$6,300,000 USD

Storefront For Sale  •  36,742 SF

Property Details

• Property Type Storefront
• Total Building Size 36,742 SF
• Lot Size 7.79 AC
• Building Class B
• Year Built 1990
• Tenancy Multiple
• Zoning Commercial

30 Transit Score

60 Walk Score

Highlights

Two-tenant retail center 100% occupied by Hope Academy and Indiana BMV with ±7 years average lease term.

Absolute passive investment with $560,221 NOI and 8.5% cap rate at $6,600,000 price.

Hope Academy lease features annual rent escalations, driving intrinsic NOI growth.

Prime signalized corner location at E Hanna Ave & Madison Ave with 36,325 VPD.

Adjacent to University of Indianapolis main campus with 5,500+ students.

Modern construction, minimal near-term CapEx, and strong trade area demographics.

Amenities

• Pylon Sign

Public Transportation

Commuter Rail	Drive	Walk	Distance
	8 min	-	4.2 mi
Airport	Drive	Walk	Distance
Indianapolis International	26 min	-	15.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	175
Type:	Surface
Included in Rent:	Yes