Retail Suite at Signalized
For Sale
Contact for pricing
1011 N Emerson Ave, Indianapolis, IN 46219
Retail space at a signalized intersection with parking located behind the building.
Property Size2,348 SF
Price / SF$244.89
Days on Market197
Property Features for 1011 N Emerson Ave
General Information
Standard status
Active
Size
2,348 SF
Property subtype
Retail
Zoning
ZO01
Site & Location
Neighborhood
Eastside
Amenities
parking included
Building Details
Year Built
1938
Tenancy
Single
Listing Agency:
Tharp Realty Group
Listed By:
Jeffrey Marchio · License #RB17000302
Source:
Crexi
Added: Apr 10
Changed: Oct 10
Last Checked: Oct 23 at 3:20AM
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 Group
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,265
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,300
$505.3K
Cap Rate 7%
$360,929
$360.9K
Cap Rate 9%
$280,722
$280.7K
Market Conditions
NOI Build-Up for 2,348 SF
Gross rent
$39.4K $16.80/SF
− Vacancy
−$3.4K −$1.43/SF
EGI
$36.1K $15.37/SF
− OpEx
−$10.8K −$4.61/SF
NOI
$25.3K $10.76/SF
Area
Indianapolis, IN
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,300
Cap Rate 7%
$360,929
Cap Rate 9%
$280,722
Alternative Uses
Best Use
Retail
$360.9K
$315.8K – $421.1K
NOI $25,265 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$584.5K
$511.4K – $681.9K
NOI $40,912 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
866
Businesses Nearby
Explore this area
Business Placement
Demographics for 46219, IN
36,556
Population
17,028
Households
2.1
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
13.0 sq mi
ZIP Area
2,812
Density / Sq Mi
$57,811
Median Household Income
$38,995
Median Earnings
$991
Median Rent
$177,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Indianapolis, IN
Frequently Asked Questions
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
