5868 East 71st Street

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5868 East 71st Street

indianapolis, IN 46220
Asking Price
$8.15M
Asset Type
Retail
Class
Class B

What's Special

5868 East 71st Street is situated in the Binford Boulevard corridor of northeast Indianapolis. The property is located within a mixed-use environment characterized by established residential neighborhoods and commercial developments. Nearby amenities include various dining options, financial institutions, and local service providers. The location offers proximity to major transportation arteries, including Interstate 465 and State Road 37, facilitating regional access throughout Marion County and neighboring Hamilton County. The site is suited for retail operations requiring high visibility and consistent local traffic. Ideal use cases include boutique shops, professional service storefronts, or specialty consumer outlets. Given the surrounding demographic, the property is positioned for tenants seeking to serve a stable residential base. The layout and location support businesses such as fitness studios, medical clinics, or neighborhood-focused retail teams requiring accessible parking and prominent signage.

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NOI
$80,000
Cap Rate
0.98%
DSCR
0.17
Underwater
Cash-on-Cash
-16.52%
Monthly Payment
$40,321.753
Annual Cash Flow
$-403,861.038

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