3643-3677 W 86th St

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3643-3677 W 86th St

indianapolis, IN 46268
Asking Price
$3.90M
Asset Type
Retail
Class
Class B

What's Special

This retail property is located at 3643-3677 West 86th Street in the College Park neighborhood of northwest Indianapolis. The site is situated within a primary commercial corridor characterized by high-density suburban development and established residential communities. It offers direct frontage on West 86th Street, a major east-west artery, and provides quick connectivity to the Interstate 465 loop. Nearby amenities include the Pyramids office complex, several national hotel chains, and the Michigan Road retail hub, ensuring consistent vehicle traffic and visibility. The property is well-suited for a variety of service-oriented retail uses, professional offices, or satellite medical clinics. Its layout and location favor tenants that benefit from suburban commuters and local residents, such as fitness studios, neighborhood cafes, or specialty boutiques. The typical tenant profile includes established regional and local businesses seeking a corridor with strong demographic density and proximity to major employment centers. The asset provides flexible square footage options to accommodate diverse operational requirements.

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NOI
$80,000
Cap Rate
2.05%
DSCR
0.35
Underwater
Cash-on-Cash
-12.95%
Monthly Payment
$19,290.125
Annual Cash Flow
$-151,481.496

Location & Travel Times