Basics
| Area 1010 sq ft | Lot size 4959 sq ft | Year built 1887 |
Description
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Description:
Set in the heart of Broad Ripple’s most walkable, trail-connected pocket, this corner-lot commercial property at Carrollton Avenue and East 66th Street offers a rare opportunity to establish a business in one of Indianapolis’ most desirable live-work-play districts. Broad Ripple is consistently recognized as one of the city’s most vibrant and pedestrian-friendly neighborhoods, drawing steady foot traffic, loyal local patrons, and a strong professional demographic. The area’s mix of dining, retail, residential, and office uses creates an environment where businesses thrive year-round.
The immediate surroundings underscore the strength of this location. Positioned directly across from Opti-Park and Park 66 Flats, the property benefits from significant multi-family density and daily visibility from residents, visitors, and commuters alike. Ongoing investment in the Broad Ripple area continues to reinforce long-term demand, with recent and planned residential and mixed-use developments adding rooftops and disposable income to the neighborhood. This sustained growth has made Broad Ripple one of the most competitive submarkets in Indianapolis for both business operations and residential living.
Just one block from the Monon Trail, the property enjoys one of the city’s most powerful lifestyle amenities. The Monon Trail spans more than 25 miles through some of Central Indiana’s most affluent and active neighborhoods, attracting cyclists, runners, and pedestrians daily. Proximity to the trail not only enhances employee wellness and work-life balance but also increases visibility and accessibility for businesses seeking a modern, community-oriented presence.
The building itself is well suited for professional, creative, or service-based users. Currently occupied by a CPA firm, the layout includes two large private offices, a conference room, a dedicated work area, and two bathrooms, one of which includes a shower—an increasingly desirable feature in trail-adjacent locations. The basement is poured concrete, offering solid structural integrity and additional functional space. Interior finishes include a blend of carpet and hardwood flooring, and the windows remain original, preserving character while offering future value-add potential. Major mechanical updates have already been addressed, with both the hot water heater and heating unit replaced in 2025.
Zoning and historical use further enhance flexibility, with prior occupancy including a hair salon, psychologist, and accounting office. Surrounded by thriving businesses and dense multi-family housing, this property is ideally positioned for an owner-user or investor seeking a prime Broad Ripple address with strong fundamentals, exceptional visibility, and long-term upside in one of Indianapolis’ most desirable commercial corridors.