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$460,000 (Sold)

5501 Madison Avenue Indianapolis, IN 46227

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.
Address:5501 Madison Avenue Indianapolis IN 46227
Status:Sold
Sold On: 1/20/2021
Price:$495,000
Bathrooms:0
Year Built:1949
Lot Size:0.48
County: Marion
Township: Perry
MLS #:21729325
Property Type:Retail

Lot Dimensions:20,931
Road Frontage:FrontageRd, CityStreet
Road Access:CityStreet
Road Surface:Asphalt, Concrete
Zoning:C3
Building Utilities:Electric, Sewer, Water
Directions:Located at the Southeast Corner of Madison Ave and Epler.
Loan Price
$2,970
Price And Interest $2,400/month
Property Tax $378/month
MTG INS $0/month
HOME INS $192/month
Price
$460,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$378/month
Home Owner Insurance
$2,304 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS
Michael Holl
Michael Holl

Senior Loan Officer

View My Profile

Courtesy of Tucker Mortgage
Semi-Annual Property Tax:$2,266
Tax Year:2019
Financial Disclosures:Not Applicable
Other Disclosures:As-Is
Area: 4907 - Marion - Perry
Zip Code:46227
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company, Inc.
Tucker Customer Care
Additional Phone (317) 954-4768
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5501  MadisonAvenue Indianapolis, IN 46227

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Get more information

Listing provided courtesy of REALTY WORLD-Harbert Company.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company, Inc. include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.