5641 Madison Avenue Indianapolis, IN ^$ 400,000

5641 Madison Avenue

^$ 400,000

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5641 Madison Avenue

Indianapolis, IN, 46227

^$ 400,000

Studio Baths0.0 Sq 1,240

Monthly Estimate*

^$ 2,794

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Studio

Commercial Property for sale in Indianapolis, IN

for $400,000. This 1,240 square foot building was built in 1926 on a lot size of 0.57.

New water heater and HVAC. Great opportunity to open a business. C-3 is for retail sales and personal, professional and business services. Examples of such types of uses include neighborhood shopping centers, sales of retail convenience or durable goods, shopping establishments, retail and personal and professional service establishments. 18,710 traffic count. Large lot

Commercial Active

Price

^$ 400,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 2,670

Style

Business

Lot Size

0.57

Year Built

1926

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

21954677

Features

General

Utilities Electricity Connected Septic System Water Connected

Possession Closing

Zoning C3

Year Built 1926

Township Perry

Levels One

Property SubType Business

Tax Year 2021

Current Use Retail

Building Name NO SUBDIVISION

County Marion

New Construction N

Property Type Commercial Sale

Subdivision Name No Subdivision

Status Active

Directions GPS Friendly

High School Southport High School

City Indianapolis

Buyer Agent Compensation 2

View Y/N N

High School District Perry Township Schools

MLS Area 4907 - Marion - Perry

Lot Size Square Feet 25000

Waterfront Y/N N

Street Name Madison

Elementary School Homecroft Elementary School

Middle/Junior High School Southport Middle School

Additional Parcels Y/N N

Days on Market 138

Standard Status Active

Tax Lot 2

Virtual Tour www.Harbertcompany.com

Buyer Agent Compensation Type %

Legal Description Madison Hts Add L2

Interior

Basement (Y/N) Y

Street Suffix Avenue

Exterior

Building Area Total 1240

Lot Size Acres 0.57

* Excluded Features

List By

Realty World-Harbert Company

Broker

trisha@benefieldrealtyllc.com

Affordability Calculator

$3,017

Per Month

Monthly Principal & Interest: $2,794
Monthly Property Taxes: $223
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Indianapolis, IN

Average List Price ^$768,036

Percent of Sale Price 92%

About Indianapolis, IN

843,184 Population

8% Since 2002

^$43,160 Median Income

35.24 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4064289 Elementary School

4048252 Middle School

Southport High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/12/2024	$400,000	-2.44%	Price Down
3/7/2024	$410,000	-2.38%	Price Down
11/27/2023	$420,000		Listed Price

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5641 Madison Avenue, Indianapolis, IN, 46227 is a Commercial Property for sale at $400,000 with 1,240 sqft and a lot size of 0.57. 5641 Madison Avenue is a studio with 0.0 baths and was built in 1926. The property's zip code is 46227 which is in Indianapolis, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Property information provided courtesy of the Internet Exchange Program of the Metropolitan Indianapolis Board of REALTORS® Broker Listing Cooperative® listing service.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/1/2024.

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5641 Madison Avenue

Commercial Property for sale in Indianapolis, IN

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