3850 S Emerson Ave | Indianapolis, IN 46203
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- LoopNet Team
3850 S Emerson Ave
Indianapolis, IN 46203
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Four Tenant Medical/Office Strip | 100% Occupied With Annual Rent Growth
- Located on Emerson Ave. | High Traffic North-South Corridor Featuring National Restaurants and Retailers
- Ease of Access: 1 Mile from I-465 and Emerson Ave. Interchange (157,022 VPD)
- Below Market Rent Allows for Future Rent Growth and Tenant Retention
- Signalized Intersection at Emerson Ave. and Hornet Ave. (49,022 VPD) | 2 Points of Ingress/Egress | 186 Ft. Frontage on Emerson Ave. | Monument Sign
- Internet Resistant Tenant Mix: Medical and Service Oriented Tenants | Minimal LL Responsibilities | 67.18% NNN Leased
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
14,078 SF
Building Class
C
Year Built
1992
Percent Leased
91%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
1.18 AC
Zoning
C-3 - Commercial
Parking
73 Spaces (6.14 Spaces per 1,000 SF Leased)
Frontage
167 FT on South Emerson Avenue
AMENITIES
- Signalized Intersection
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 49-10-28-109-003.000-502 | Improvements Assessment | $665,700 |
| Land Assessment | $225,700 | Total Assessment | $891,400 |
PROPERTY TAXES
Parcel Number
49-10-28-109-003.000-502
Land Assessment
$225,700
Improvements Assessment
$665,700
Total Assessment
$891,400
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