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Retail Center in Greenwood, Indiana
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1146 N Emerson Ave, Greenwood, IN

New retail center near major retailers and employers.

Space Size10,800 SF
Lot Size1.02 Acres
Days on Market892

Property Features for 1146 N Emerson Ave

General Information

Standard status Active
Size 10,800 SF
Lot size 1.02 Acres
Property subtype RETAIL

Spaces For Lease

at 1146 N Emerson Ave
1146 N Emerson Ave AVAILABLE, Completion
Floor Bldg
Size 10,800 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- New construction small shop retail center delivering fall 2024 - Anchored by Emerson Pointe, a 65,000 SF shopping center and recently completed 218 unit high-end apartment development - Super regional intersection surrounded by national retailers including Walmart Supercenter, Costco, Kroger Marketplace, Floor & Decor, and more - Easy access to I-65 and 15 minute drivetime to downtown Indianapolis - Strong daytime demographics with major employers including Franciscan Health Hospital (1,600 FTE) and new Cummins center (500+ FTE)
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Listing Agency: Veritas Realty
Listed By: Andrew Demaree
Source: Moodyscre
Added: Apr 23, 2024 Changed: Sep 10 Last Checked: Oct 1 at 11:54AM

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 Veritas Realty

Investment Insights

Based on property information with market context.

This new construction small shop retail center is scheduled for completion in the fall of 2024. It is anchored by Emerson Pointe, a 65,000 square foot shopping center, and a recently completed 218-unit high-end apartment development. The property is located at a super regional intersection, surrounded by national retailers including Walmart Supercenter, Costco, Kroger Marketplace, and Floor & Decor. The location offers easy access to I-65 and is a 15-minute drive to downtown Indianapolis. Strong daytime demographics are supported by major employers, including Franciscan Health Hospital with 1,600 full-time employees and a new Cummins center with over 500 employees. The property offers a total size of 10,800 square feet and is located at 1146 N Emerson Ave, Greenwood, IN.

Key Highlights

  • New construction retail center delivering Fall 2024, anchored by Emerson Pointe shopping center and a 218‑unit apartment development.
  • Located at a super‑regional intersection with high visibility, surrounded by national retailers like Walmart, Costco, and Kroger.
  • Easy access to I‑65 and a short 15‑minute drive to downtown Indianapolis.

Property Analytics

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Current Use

Shopping centers

Suggested Use

Top Pick Law Firm Auto Parts Store Electrical Service Garden Center HVAC Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

828
Businesses Nearby
486k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Superstores 54% Dining 21% Shops & Services 20% Apparel 3%
Walmart Superstores
138,414 visits/mo 0.2 miles
Costco Wholesale Superstores
123,551 visits/mo 0.4 miles
Costco Gasoline Shops & Services
44,124 visits/mo 0.3 miles
SONIC Drive In Dining
31,927 visits/mo 0.0 miles
Culver's Dining
21,168 visits/mo 0.1 miles
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

  • Emerson Pointe — 997 E County Line Rd, Greenwood, IN 46143
  • Greenwood Springs Shopping Center — 1279 N Emerson Ave, Greenwood, IN 46143
  • Coinstar Kiosk | Bitcoin ATM — Kroger - Central, 8745 S Emerson Ave, Indianapolis, IN 46237

Frequently Asked Questions

What type of property is this?
Shopping center - New retail center near major retailers and employers.
Where is this shopping center located?
The property is located at 1146 N Emerson Ave Greenwood, IN.
What are key features of this property?
This property features: New construction retail center delivering Fall 2024, anchored by Emerson Pointe shopping center and a 218‑unit apartment development.; Located at a super‑regional intersection with high visibility, surrounded by national retailers like Walmart, Costco, and Kroger.; Easy access to I‑65 and a short 15‑minute drive to downtown Indianapolis.
(317) 737-2880 Call to check price and availability
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