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Valley Ridge Shops | Indianapolis, IN 5220 E Southport Rd

13,842 SF 100% Leased Retail Building Indianapolis, IN 46237 $3,200,000 ($231/SF) 7.40% Cap Rate

Storefront Properties Indiana Indianapolis 5220 E Southport Rd, Indianapolis, IN 46237

Investment Highlights

  • 100% Occupied, 13,842 Square-Foot, Multi-Tenant Retail Center in a High-Traffic Commercial Corridor:
  • Dense, Affluent Demographics: Indianapolis MSA has a population in excess of 2 million people
  • Indianapolis MSA: Over 2 million people within the MSA | 50% of the U.S. population is within a 1-day drive
  • High-Traffic Commercial Corridor: Subject property is located on Southport Road, just south of Downtown Indianapolis
  • Great Access and Connectivity: Easy access to I-65 which connects to Indianapolis and the surrounding suburbs

Executive Summary

100% Occupied Neighborhood Retail Center | $121,000 AHHI | High-Traffic Commercial Corridor

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
13,842 SF
Building Class
B
Year Built
2004
Price
$3,200,000
Price Per SF
$231
Cap Rate
7.40%
NOI
$236,664
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Land Acres
1.58 AC
Zoning
C-1
Parking
88 Spaces (6.36 Spaces per 1,000 SF Leased)
Frontage
300 FT on E Southport Rd

Amenities

  • Signage

Links

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5220 E Southport Rd, Indianapolis, IN - aerial map view - Image1
5220 E Southport Rd, Indianapolis, IN - aerial map view - Image2

Nearby Major Retailers

9round Fitness
Chase Bank
O'Charley's
Regions Bank
Bank of America Corporation
Orangetheory Fitness
ALDI
Starbucks
Longhorn Steakhouse
Chuy's

PROPERTY TAXES

Parcel Number 49-15-10-110-006.000-300 Improvements Assessment $714,700
Land Assessment $441,900 Total Assessment $1,156,600

PROPERTY TAXES

Parcel Number
49-15-10-110-006.000-300
Land Assessment
$441,900
Improvements Assessment
$714,700
Total Assessment
$1,156,600
(844) 585-7678

  • Listing ID: 33950337

  • Date on Market: 11/21/2024

  • Last Updated:

  • Address: 5220 E Southport Rd, Indianapolis, IN 46237

More public record information on 5220 E Southport Rd, Indianapolis, IN 46237

The Retail Property at 5220 E Southport Rd, Indianapolis, IN 46237 is currently available For Sale. Contact Hanley Investment Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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5220 E Southport Rd, Indianapolis, IN for sale Building Photo- Image 1 of 5
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5220 E Southport Rd, Indianapolis, IN for sale Site Plan- Image 2 of 5
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5220 E Southport Rd, Indianapolis, IN for sale Aerial- Image 3 of 5
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5220 E Southport Rd, Indianapolis, IN for sale Aerial- Image 4 of 5
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Valley Ridge Shops | Indianapolis, IN | 5220 E Southport Rd
(844) 585-7678 x

Valley Ridge Shops | Indianapolis, IN | 5220 E Southport Rd

Dylan Mallory

(844) 585-7678

(844) 585-7678

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