Rare Freestanding Building

For Sale

1440 Madison Avenue, Indianapolis, IN 46225

This Indianapolis property for sale is located at 1440 Madison Avenue. The current listed sale price for Rare Freestanding Building is $970,000.

Contacts

Gary Perel

ALO Property Group

Property Details

  • Property Type Retail - Freestanding
  • Property Size 4,000 SF
  • Year Built 2009
  • Date Updated May 7, 2026
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.
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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

Attachments

Getting around

  • 57/100

    Walk Score ®

  • 35/100

    Transit Score ®

  • 61/100

    Bike Score ®

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Location

  • City Indianapolis, IN
  • Neighborhood Old Southside
  • Zip Code 46225
  • Market Indianapolis

Points of Interest

  • Phillips 66

    0.27 miles

  • Speedway

    0.39 miles

  • Marathon

    0.66 miles

  • Shell

    0.88 miles

  • ChargePoint

    0.98 miles

  • BP

    1.05 miles

  • Tesla Supercharger

    1.30 miles

  • Tesla Destination Charger

    3.03 miles

  • Electrify America

    4.96 miles

  • Lot C

    0.70 miles

  • LaRosa South

    0.74 miles

  • Lot 43 South

    0.77 miles

  • Lot 98

    0.84 miles

  • Lot 48

    0.85 miles

  • Rolls-Royce Employee and Visitor Parking

    0.89 miles

  • Lot 43 North

    0.89 miles

  • Lot 35

    0.93 miles

  • Union Station Parking Garage

    1.08 miles

  • Cityway North Car Park

    1.09 miles

  • Burger King

    0.39 miles

  • Tex-Mex

    0.41 miles

  • Iozzo's Garden of Italy

    0.54 miles

  • Bosphorus Istanbul Cafe

    0.58 miles

  • Mr Tequila's Cantina & Grill

    0.59 miles

  • Greek Islands

    0.61 miles

  • General American Donut Company

    0.65 miles

  • Batch No. 2

    0.75 miles

  • 317 Juicery

    0.79 miles

  • Subway

    0.82 miles

  • Express Neighborhood Market

    0.26 miles

  • Village Food Mart

    0.28 miles

  • Trans-Plants

    0.56 miles

  • Safeway

    0.99 miles

  • Angelo's Food Market

    1.25 miles

  • Circle Center Mall

    1.32 miles

  • Carson's

    1.36 miles

  • Village Pantry

    1.42 miles

  • TJ Maxx

    1.48 miles

  • Whole Foods Market

    1.48 miles

Contact Listing Broker
Gary Perel

ALO Property Group

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