Log In/Sign Up
Your email has been sent.
1523 E Epler Ave 8,200 SF Retail Building Indianapolis, IN 46227 $1,248,891 CAD ($152.30 CAD/SF) 9.71% Cap Rate
Executive Summary
- Single-Tenant Automotive Property leased to Auto Mechanic Pro, an established and locally operated repair shop
- Tenant Responsibilities – Reimburses for CAM, Taxes, and Insurance, while handling HVAC and parking lot maintenance
- Below-Market Rent with built-in increases until expiration in March of 2028
- Strong Local Presence – Auto Mechanic Pro is highly rated with 5.0 stars on Google and a loyal repeat customer base
- Accessible Southside Location along Epler Avenue near U.S. 31 (35,000+ VPD) and major retailers including Kroger, McDonalds, Arby’s, and Great Clips
- Proximity to Key Trade Area Anchors – Minutes from Southport High School and Grade School, the University of Indianapolis, and I-465 interchange
- Tenant Responsibilities – Reimburses for CAM, Taxes, and Insurance, while handling HVAC and parking lot maintenance
- Below-Market Rent with built-in increases until expiration in March of 2028
- Strong Local Presence – Auto Mechanic Pro is highly rated with 5.0 stars on Google and a loyal repeat customer base
- Accessible Southside Location along Epler Avenue near U.S. 31 (35,000+ VPD) and major retailers including Kroger, McDonalds, Arby’s, and Great Clips
- Proximity to Key Trade Area Anchors – Minutes from Southport High School and Grade School, the University of Indianapolis, and I-465 interchange
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
8,200 SF
Building Class
C
Year Built
1950
Price
$1,248,891 CAD
Price Per SF
$152.30 CAD
Cap Rate
9.71%
NOI
$121,227 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.61
Lot Size
0.31 AC
Zoning
C5
Amenities
- Pylon Sign
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-15-06-116-008.000-500 | Improvements Assessment | $155,639 CAD |
| Land Assessment | $41,037 CAD | Total Assessment | $196,676 CAD |
Property Taxes
Parcel Number
49-15-06-116-008.000-500
Land Assessment
$41,037 CAD
Improvements Assessment
$155,639 CAD
Total Assessment
$196,676 CAD
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
1523 E Epler Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.