3902 W 86th Street Indianapolis, IN $ 550,000
3902 W 86th Street
$ 550,000
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3902 W 86th Street

Indianapolis, IN, 46268
$ 550,000
Baths0.0 Sq 3,312

Monthly Estimate*

$ 3,655

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Studio

Commercial Property for sale in Indianapolis, IN

for $550,000. This 3,312 square foot building was built in 1950 on a lot size of 1.21.

Luxury Beauty Salon with all the equipment and amenities to run your new business in a great location on busy 86th St near Michigan Rd. This property is currently being used as a Beauty Salon. It is zoned Residential with a variance to be used as a Beauty Salon. You can convert it back to residential or continue to use it as a Beauty Salon. Or better yet, with a few modifications you could do both. Live there and operate your own Beauty Salon. You will not find very many properties zoned this way. Located on busy 86th St near Michigan Road with 200' of frontage and 18 parking spots for your clients and sits on 1.2 acres. It has a lower level that has been updated with plumbing and exhaust pipe for nail painting stations. Potential monthly income of $9,200.00 with current work stations. More work stations could be added on the lower level. New roof fall of 2023. Come see your next home/business opportunity.

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Commercial Pending

Price

$ 550,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 7,246

Style

Retail

Lot Size

1.21

Year Built

1950

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

21946294

Features
General
Cooling Central Electric
Utilities Electricity Connected Gas Sewer Connected Water Connected
Possession Closing
Zoning D-2 / Retail
Year Built 1950
Township Pike
Levels One
Property SubType Retail
Tax Year 2023
Current Use Retail
Building Name BOULDER GATE TERRACE
County Marion
New Construction N
Property Type Commercial Sale
Subdivision Name Boulder Gate Terrace
Status Pending
Directions From Michigan Road go west on 86th Street to property on right.
City Indianapolis
Buyer Agent Compensation 2.5
High School District Indianapolis Public Schools
MLS Area 4902 - Marion - Pike
Lot Size Square Feet 52677
Street Name 86th
Days on Market 199
Standard Status Pending
Tax Lot 8 & 9
Buyer Agent Compensation Type %
Legal Description Boulder Gate Terrrace Pt L8 & Pt L9 Beg 52.39' N Of Sw Cor L8 P.O.B. N247.61' E200' S273.5' W44.35' Nw157.45' To Beg
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Interior
Basement (Y/N) Y
Street Suffix Street
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Exterior
Building Area Total 3312
Lot Size Acres 1.21
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* Excluded Features
List By
United Real Estate Indpls

Broker

LorenSellsHomes@gmail.com

Email

Affordability Calculator

$4,259
Per Month
86%
14%
0%
Monthly Principal & Interest
$3,655
Monthly Property Taxes
$604
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2023$550,000 Listed Price

Map


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3902 W 86th Street, Indianapolis, IN, 46268 is a Commercial Property for sale at $550,000 with 3,312 sqft and a lot size of 1.21. 3902 W 86th Street is a studio with 0.0 baths and was built in 1950. The property's zip code is 46268 which is in Indianapolis, IN