5501 Madison Avenue Indianapolis, IN
$ 495,000
Property Attributes
  • MLS#21729325
  • TypePending
  • CountyMARION
  • CityIndianapolis
  • Area4907-Marion - Perry
  • Zip46227
  • StyleRetail
  • Year Built1949
  • Taxes4532
  • Price$ 495,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6428
  • Lot Size0.48 Acres
Listing Provided Courtesy Of:
Daniel Nichols with REALTY WORLD-Harbert Company
Property Description

Highly visible prime retail corner location on Madison Avenue. Established business operating in excess of 30 years. C 3 Zoning. 40+ car parkIng- Building Size is 6428+/- Square Feet. Easy access from 4-way traffic stop light. A lovely building with iconic Indiana history. Frank Kautsky operated a Super Market in this building in the 1940's. He became the owner of "Indianapolis Kautsky's", Indiana's first pro team and 1947 World Championship Basketball team ever to come from Indianapolis. Building houses Cycle Outfitters LTD INC. Business is sold separately. Madison Avenue frontage is 140 feet. Road frontage on Epler is 165 feet.

Price History
7/31/2020 Listed $495,000

General Features

Area 4907 - Marion - Perry
Available for Showing 1
BAC Amount BACAmount%
Cumulative Days on Market 140
Disclosure Other As-Is
Disclosures Not Applicable
Listing Type Exclusive Right to Sell
Miscellaneous OwnerOper
Possession Negotiable
Present Use Retail
Property Type Commercial
Retail Type FreeStand
Road Frontage FrontageRd, CityStreet
Status Pending
Sub Type Retail
Tax Year 2019
Township Perry
Year Built 1949
Zoning C3

Interior Features

Total Baths 0.00

Exterior Features

Building Size 6428
Lot Size 20, 931
Road Access CityStreet
Road Surface Asphalt, Concrete


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 46227

AVG $260K
AVG $1,957
AVG 40
Year Built
AVG 1964
AVG 36
Data Provided by Walkscore ® not using MLS data

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