Rare Freestanding Building

1440 Madison Avenue, Indianapolis, IN 46225

Property Information

  • For Sale $970,000
  • Property Type Retail - Freestanding
  • Property Size 4,000 SF
  • Year Built 2009
  • Date Updated May 7, 2026

Description

FOR SALE – $970,000 | Exceptional Value Opportunity Drive-through permitted! This rare freestanding property offers 4,000 SF of high-quality, versatile space just south of Downtown Indianapolis. Built in 2009 and meticulously maintained, the building delivers strong visibility and flexibility under MU-2 zoning—perfect for retail, office, medical, or food service use. Positioned along a busy corridor with over 17,000 vehicles per day, the property benefits from immediate proximity to the fast-growing Bates-Hendricks neighborhood and is only 1.5 miles from the heart of the Indianapolis CBD. A standout opportunity for an owner-user or investor seeking a prime, adaptable asset in a thriving location.FOR SALE – $970,000 | Exceptional Value Opportunity Drive-through permitted! This rare freestanding property offers 4,000 SF of high-quality, versatile space just south of Downtown Indianapolis. Built in 2009 and meticulously maintained, the building delivers strong visibility and flexibility under MU-2 zoning—perfect for retail, office, medical, or food service use. Positioned along a busy corridor with over 17,000 vehicles per day, the property benefits from immediate proximity to the fast-growing Bates-Hendricks neighborhood and is only 1.5 miles from the heart of the Indianapolis CBD. A standout opportunity for an owner-user or investor seeking a prime, adaptable asset in a thriving location.

Highlights

  • 4,000 SF institutional-quality construction
  • Drive-through permitted
  • Just south of Downtown Indianapolis
  • MU-2 zoning allows for retail, office, medical, or food use
  • Offered at $970,000 – excellent value in a high-growth corridor
  • Outstanding visibility and access along a major thoroughfare
  • Over 17,000 vehicles per day

Contacts

Gary Perel

ALO Property Group

Location

Located at 1440 Madison Avenue, Indianapolis, IN 46225, this property is part of the Old Southside neighborhood and Indianapolis market.

Contact Listing Broker
Gary Perel

ALO Property Group

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