3919 Madison Ave

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3919 Madison Ave

indianapolis, IN 46227
Asking Price
$6.22M
Asset Type
Retail
Class
Class B

What's Special

3919 Madison Avenue is situated on the south side of Indianapolis within a high-traffic commercial corridor. The property sits minutes from the University of Indianapolis campus and is surrounded by a dense mix of residential neighborhoods and established local businesses. The location offers excellent visibility and accessibility, positioned near the intersection of Madison Avenue and Hanna Avenue. It is well-served by public transportation via the IndyGo bus network and provides convenient access to I-465 and I-65, facilitating transit across the greater metropolitan area. The building is suited for a variety of retail applications, including neighborhood service providers, specialty boutiques, or quick-service food operations. The layout and high-exposure frontage cater to tenants requiring strong street-level visibility and consistent daily traffic counts. Typical tenants for this asset class often include local entrepreneurs, franchise operators, or professional service firms such as insurance agencies and salons that benefit from the proximity to both the student population and the surrounding commuter residential base.

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NOI
$80,000
Cap Rate
1.29%
DSCR
0.22
Underwater
Cash-on-Cash
-15.51%
Monthly Payment
$30,797.904
Annual Cash Flow
$-289,574.842

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