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    505 E Thompson Rd | Indianapolis Indianapolis, IN 46227

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    For Sale
    Contact for pricing

    Spacious retail building with high visibility and drive-thru.

    Property size:
    10,125 SF

    Property Features for 505 E Thompson Rd | Indianapolis

    General Information

    Size
    10,125 SF

    Building Details

    Year built
    1999

    Source: Pete Alveal Agent Pete Alveal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former CVS Stand-Alone Retail Building

    This stand-alone building, previously occupied by a renowned retail brand, offers a versatile and spacious interior suitable for various retail uses. The property features a prominent facade, ample parking, and high visibility, ensuring maximum business exposure. The well-designed layout and flexible floor space offer customization potential, allowing tenants to create a dynamic retail environment. The property benefits from a proven retail history in an established area. Pylon signage is available, along with a drive-thru. The property is situated on the south side of Indianapolis, IN, at the southwest corner of Thompson Rd. and East St./US31S, in a dynamic area with various amenities. It provides easy access to dining options, retail centers, and recreational attractions, including nearby Garfield Park. Multiple interstates and city thoroughfares, including I-465, I-65, I-69, and US31S, are nearby. The property size is 10125 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    CVS Photo Digital Printer Coinhub Bitcoin ATM ... Atm Tad Itamura Pharmacy UPS Access Point ... Mailing Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Walgreens Pharmacy, Med Ex Inc, Indy CBD Plus, Susan D. Hermann, RPH, Brian W. Richards, RPH

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1316
    Latitude
    39.6749

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    FAQs

    What type of property is this?
    Drug store - Spacious retail building with high visibility and drive-thru.
    Where is this drug store located?
    The property is located at 505 E Thompson Rd | Indianapolis Indianapolis, IN.
    What are key features of this property?
    This property features: - Prime location on the SW corner of Thompson Rd. & East St./US31S in Indianapolis, IN, offering high visibility and accessibility.; - Spacious interior with a versatile layout suitable for a wide range of retail uses and customization.; - Former CVS stand-alone building with a proven retail history in an established area.
    (317) 997-9362
    Request Owner's contact information
    505 E Thompson Rd | Indianapolis Indianapolis, IN 46227
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    Indianapolis, IN 46227
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    505 E Thompson Rd | Indianapolis Indianapolis, IN 46227
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