Southern Plaza Laundry & Tan

4006 S East Street, Indianapolis, IN 46227

  • For Sale $550,000
  • Property Type Retail - Freestanding
  • Property Size 4,350 SF
  • Units 1
  • Lot Size 0.3 Acre
  • Property Tenancy Single Tenant
  • Date Updated Aug 31, 2023
The subject property is located on the Southwest corner of Hanna Avenue and S East Street on the near south side of Indianapolis. The property sits within the greater Southern Plaza shopping center, a 400,000+ SF regional shopping hub for the south side of Indianapolis, including Kroger, Ross, Harbor Freight, Steak N Shake, GetGo, PNC, Speedway, and many others.Net leased investment property within the established Southern Plaza shopping center on the near Southside of Indianapolis. The subject property is a long standing laundromat location leased through a triple-net lease to an established operator. The property sits adjacent to a GetGo gas station and a Speedway gas station, along the entrance road to Kroger grocery and the 400,000+ SF Southern Plaza Shopping Center.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Triple-net Leased Laundromat investment property
  • Current term through 12/31/2030 - 7.5+ years of remaining term
  • CPI Increase beginning 1/1/2026, at 5-year mark of current lease period
  • High traffic, established shopping district location
  • 2.6 million estimated visits to Southern Plaza in last 12 months
  • Excellent laundromat demographics

Contacts

broker

Creighton Shook

Shook Realty Group

(317) 249-9000

Location

Getting Around

  • Walk Score ®

    76/100 Very Walkable

  • Transit Score ®

    38/100 Some Transit

  • Bike Score ®

    57/100 Bikeable
Powered by Walk Score ®
  • City Indianapolis, IN
  • Neighborhood North Perry
  • Zip Code 46227
  • Market Indianapolis

Points of Interest

  • Indianapolis Union Station

    3.83 miles

  • Indiana University/Riley

    5.05 miles

  • Canal

    5.25 miles

  • Methodist

    5.66 miles

  • Speedway

    0.03 miles

  • GetGo

    0.04 miles

  • Speedway

    0.38 miles

  • Shell

    1.17 miles

  • Mobil

    1.24 miles

  • BP

    1.56 miles

  • Shell

    1.60 miles

  • Speedway

    1.64 miles

  • Speedway

    1.66 miles

  • Marathon

    1.89 miles

  • Visitor

    0.86 miles

  • Knight's Inn Check-In Parking

    2.22 miles

  • Truck Parking

    2.25 miles

  • Large Vehicle Parking Lot

    2.27 miles

  • ADA Parking

    2.44 miles

  • Lot C

    3.47 miles

  • LaRosa South

    3.51 miles

  • Lot 43 South

    3.54 miles

  • Lot 48

    3.59 miles

  • Lot 98

    3.61 miles

  • Tandoori Flame

    0.36 miles

  • Books and Brews

    0.57 miles

  • Pollo Los Reyes

    1.19 miles

  • Church's Chicken

    1.21 miles

  • Sabor Latino

    1.75 miles

  • Indian and American Restaurant

    1.97 miles

  • Little Caesars

    2.06 miles

  • Porky's Pizza

    2.07 miles

  • Batch No. 2

    2.08 miles

  • White Castle

    2.14 miles

  • Kroger

    0.13 miles

  • ALDI

    1.09 miles

  • Aithawng Asia Grocery

    1.51 miles

  • 21 Asian Grocery

    1.63 miles

  • Walmart Neighborhood Market

    1.66 miles

  • Big Lots

    1.68 miles

  • Safeway

    2.20 miles

  • Express Neighborhood Market

    2.81 miles

  • Village Food Mart

    2.88 miles

  • Trans-Plants

    3.05 miles

Frequently Asked Questions

What is the lease rate for Southern Plaza Laundry & Tan?

Rental asking rate at Southern Plaza Laundry & Tan is $275,000.00/YR.

What is the total square footage of Southern Plaza Laundry & Tan?

Southern Plaza Laundry & Tan totals 4,350 square feet.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Creighton Shook

Shook Realty Group

(317) 249-9000