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6101 Madison Ave

2,706 SF 100% Leased Retail Building Indianapolis, IN 46227 $636,444 CAD ($235 CAD/SF)

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Investment Highlights

Half acre corner lot on Madison Avenue.
Room for upgrades to increase value or expand.

Duplex for owner to occupy, rent half or rent out completely.

Executive Summary

For sale is a unique investment opportunity perfect for an owner operator to live and work in or rent out. This residential duplex with a commercial variance is prime real estate on Madison Avenue with tons of exposure for business, but also has the privacy of being in a quiet, residential neighborhood. This property features a partially renovated 2/2 townhouse with a 2 car heated garage, which could be used as storage space or built out for more living area. A large wooden privacy fence with brick patio offers a serene space to relax outdoors or entertain. The partial renovation leaves room to make it your own and capitalize on the great price. On the opposite side of the duplex is a recently fully renovated hair salon with 2 private rooms, 5 booths to rent, separate laundry, and waiting area. The parking lot accommodates 8 cars and the long driveway offers space for more parking if needed. There is a tenant currently in both sides which may or may not stay with the sale. The owner is also the real estate agent and a motivated seller. Do not miss out on this substantial income opportunity!