5002 Madison Avenue, Indianapolis, IN 46227

Building Details

Year built

1970

Architectural style

Other

Listing agent Derek Gutting License #RB14024424 Show Phone

Listing office Keller Williams Indpls Metro N k***@kw.com N Meridian St Ste 200, Carmel, IN Show Phone

Listing date Mar 7, 2024

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MLS# 21967530 Listing URL

Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This retail space is located in a retail strip center at the corner of Madison Avenue and Thompson Road in Indianapolis. The available space is 2900 square feet and features a large, open layout ready for build-out. The property is a brick building with an asphalt parking lot. Current tenants in the center include H&R Block, Metro by T-Mobile, Top Level Gym, Arcade 911, and Center Stage Dance Academy. Water, trash, and sewer services are included in the lease. The property is zoned C3 and the lot size is 1.17 acres. The total property size is 10924 square feet.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Indianapolis

County

Hamilton

State

Indiana

Longitude

-86.137527

Latitude

39.693132

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FAQs

What type of property is this?

Strip mall - Retail space available in a high-visibility Indianapolis shopping center.

Where is this strip mall located?

The property is located at 5002 Madison Avenue Indianapolis, IN.

What is the lease rate?

The lease rate is $2,500 /Mo.

What are key features of this property?

This property features: High visibility location at the corner of Madison Ave and Thompson Rd.; 2900 sq ft retail space available.; Large open space, ready to be built out.