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7021-7025 S Madison Ave
Indianapolis, IN 46227 Southport

$2,040,000 USD

Storefront For Sale  •  10,515 SF

Property Details

  • Property Type Storefront
  • Total Building Size 10,515 SF
  • Lot Size 0.78 AC
  • Building Class B
  • Year Built 1961
  • Cap Rate 8.00 %
  • Tenancy Multiple
0 Transit Score
64 Walk Score

Highlights

100% Occupied 10,515 SF Strip Center Positioned Along Madison Avenue – High-Traffic Corridor Through Southport
Landlord-Favorable Structure with NNN Lease – Tenants Responsible for Taxes, Insurance & CAM
Located at Hard Corner of Madison Ave and E Southport Rd Seeing 48,000 VPD Combined
Dense Demographics with 214,000+ Residents Within 5 Miles $83,500 Avg. HH Income
Grocery Store Renewed a Year Early on a 10-Year Lease
New Roof in 2025 on Entire Building with 15 Year Warranty

Property Flyers

Cap Rate: 8.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Jordan's fish and Chicken 7/13/2019
PPG Paints
Southport Village Center

Public Transportation

Commuter RailDriveWalkDistance
13 min - 7.3 mi
AirportDriveWalkDistance
Indianapolis International 31 min - 17.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Craig Fuller 216-264-2043 Marcus & Millichap
Craig Fuller 216-264-2043 Marcus & Millichap