Retail Suite at Signalized
1011 N Emerson Ave Indianapolis, IN 46219
1011 N Emerson Ave, Indianapolis, IN, 46219
Contact for pricing
For Sale
Contact for pricing
Retail space at a signalized intersection with parking located behind the building.
Property Size2,720 SF
Price / SF$211.40
Days on Market84
Property Features for 1011 N Emerson Ave
General Information
- Standard status
- Active
- Size
- 2,720 SF
- Property subtype
- RETAIL
Listing agency
Tharp Realty
(317) 432-5361
Listed by
Jeffrey 'Jeff' Marchio
Source
Moodyscre
Added: Apr 30 Updated: Jul 21 at 1:13PM Checked: Jul 21 at 1:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tharp Realty
Investment Insights
Based on property information with market context.
This retail suite is situated at a signalized intersection and is supported by parking located behind the building. The offering is designed to provide convenient on-site parking for customers or staff.
The property is positioned on a high-traffic corridor, creating strong pass-by visibility for retail users seeking steady street activity.
For sale as a retail space, this option offers a straightforward configuration with key access and parking features for everyday commercial operations.
The property is positioned on a high-traffic corridor, creating strong pass-by visibility for retail users seeking steady street activity.
For sale as a retail space, this option offers a straightforward configuration with key access and parking features for everyday commercial operations.
Key Highlights
- Retail space located at a signalized intersection
- High traffic counts
- Parking included behind the building
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.7k | $16.80 |
| − Vacancy | −$3.9k | −$1.43 |
| EGI | $41.8k | $15.37 |
| − OpEx | −$12.5k | −$4.61 |
| NOI | $29.3k | $10.76 |
2,720 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$418.1K
$365.9K – $487.8K
NOI $29,268 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$677.0K
$592.4K – $789.9K
NOI $47,393 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Michaels Automotive
Auto Repair Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail space at a signalized intersection with parking located behind the building.
Where is this retail space located?
The property is located at 1011 N Emerson Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Retail space located at a signalized intersection; High traffic counts; Parking included behind the building
