Southern Plaza Laundry & Tan

For Sale

4006 S East Street, Indianapolis, IN 46227

This Indianapolis property for sale is located at 4006 S East Street. The current listed sale price for Southern Plaza Laundry & Tan is $550,000. Southern Plaza Laundry & Tan is situated on a lot that is 0.3 acre in size.

Contacts

broker

Creighton Shook

Shook Realty Group

(317) 249-9000

Property Details

  • 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.

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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

Getting around

  • 76/100

    Walk Score ®

  • 38/100

    Transit Score ®

  • 57/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Creighton Shook

Shook Realty Group

(317) 249-9000