505 Main ST new Save Request In-Person Tour Request Virtual Tour
Beech Grove,IN 46107
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,600 sqft
Price per Sqft $199
MLS Listing ID 22056565
Year Built 1945
Tax Year 2024
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Retail
Property Description
An exceptional opportunity presents itself with the offering of 505 Main Street, a meticulously renovated commercial asset situated at the heart of Beech Grove's historic and highly trafficked Main Street corridor. The property is secured by a Triple Net (NNN) lease with an exemplary salon tenant whose operational performance is outstanding and whose rental obligations are current. This long-term lease extends through May 31, 2029, providing a stable and predictable income stream for years to come. With the tenant responsible for taxes, insurance, and maintenance, ownership offers a truly passive investment structure with minimal landlord involvement. The building has undergone a complete transformation under the direction of the seller, a highly regarded general contractor whose expertise is evident in every aspect of the renovation. Modern systems, refined finishes, and an intelligent layout have been incorporated to ensure longevity, functionality, and aesthetic appeal. Positioned prominently along Main Street, the property commands exceptional visibility to consistent daily vehicular traffic while benefiting from robust pedestrian activity generated by neighboring restaurants, cafes, boutiques, and professional services. This vibrant commercial environment fosters strong tenant performance and long-term stability. Beech Grove itself is a community on the rise-combining small-town character with immediate access to downtown Indianapolis. A revitalized Main Street, engaged civic leadership, and a steady influx of new businesses and residents have created a pro-business climate and a compelling investment landscape.
Location
State IN
County Marion
Zoning C-2
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected,Water Connected
Building
Story 1
New Construction false
Schools
Elementary Schools Central Elementary School
Middle Schools Beech Grove Middle School
High Schools Beech Grove Sr High School
School District Beech Grove City Schools