7102 Kentucky AVE, Indianapolis, IN 46113
7102 Kentucky AVE, Indianapolis, IN 46113
7102 Kentucky AVE, Indianapolis, IN 46113
8
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Listed by Justus Hodges • Just Homes Realty
$350,000
Est. payment /mo
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3,975 SqFt
Active

7102 Kentucky AVE Indianapolis, IN 46113

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Audri McGrane

Audri McGrane

+1(317) 509-9729

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 3,975 sqft

Price per Sqft $88

MLS Listing ID 22102463

Tax Year 2024

Lot Size 0.320 Acres

Acres 0.32

Property Sub-Type Retail

Property Description

Three of four units are currently vacant and available for lease-up at market rates. The fourth unit is occupied by an established barbershop business whose operator (the seller) has indicated willingness to execute a market-rate lease-back at closing - delivering immediate in-place income to the new owner from day one. At achievable upside rents of $15.00/SF gross, full lease-up generates projected NOI of approximately $37,300 annually, supporting a stabilized cap rate above 10.5% even at the offering price. The property is offered at approximately $88 per square foot - still well below the cost to construct comparable retail space new (typically $140-180/SF). For an owner-user, the structure of SBA 504 financing means as little as $35,000 down secures ownership of an income-producing commercial property with three units of additional rental upside.

Location

State IN

County Marion

Zoning ZO01

Interior

Fireplace N

Exterior

Utilities Available Septic System

Building

New Construction false

Schools

Middle Schools Decatur Middle School

School District Msd Decatur Township

MIBOR MLS
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.

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Audri McGrane

Audri McGrane

Director of Operations | RBRB18002064

+1(317) 509-9729

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7102 Kentucky AVE

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