$314,000

505 Main Street, Beech Grove, IN 46107

  • 1,600 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1945
  • Property Lot Size Icon5,663sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $196/sqft
  • Property List Date Icon Listed 2 months ago

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.

Listing Status:
Active
Listing Office:
F.C. Tucker Company : 317-843-7766
Listing Agent:
Annie Scott : 317-843-7766
MLS ID:
22056565
  • Originating MLS: mibor
  • School District: Beech Grove City Schools
  • County: Marion
  • Zoning: C-2Beech Grove Add Sec A L2 & L3 Blk 163491028138059000502
  • Current Use: Medical/DentalOffice
  • Utilities: Electricity ConnectedWater Connected
  • Source: mibor

This listing courtesy of Annie Scott, F.C. Tucker Company

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Central Elementary School

1000 Main St, Beech Grove, IN, 46107

Grades 2-3

0.33 miles away

B

Beech Grove Middle School

1248 Buffalo St, Beech Grove, IN, 46107

Grades 7-8

0.55 miles away

B

Beech Grove High School

5330 Hornet Ave, Beech Grove, IN, 46107

Grades 9-12

0.94 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.