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    4830-4856 S Emerson Ave Indianapolis, IN 46226

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    For Lease
    $20 SF/Yr ($3,750 /Mo)

    Retail property for lease in Indianapolis with high visibility.

    Property size:
    2,250 SF
    Lot size:
    1.51 Acres

    Property Features for 4830-4856 S Emerson Ave

    General Information

    Size
    2,250 SF
    Lot size
    1.51 Acres

    Source: Tharp Realty Agent Jeffrey 'Jeff' Marchio

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

    Overview

    Retail Space on South Emerson

    Located in Indianapolis, this property is suited for retail and strip center tenants. Situated along South Emerson Avenue, it offers visibility and accessibility. The surrounding University Heights and University Heights South neighborhoods provide a customer base of local residents and students. Nearby attractions include the University Heights Shopping Center and Washington Square Mall. The property offers an opportunity for businesses to thrive within a dynamic community. The property size is 2,250 square feet.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.08425
    Latitude
    39.843746

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    FAQs

    What type of property is this?
    Strip mall - Retail property for lease in Indianapolis with high visibility.
    Where is this strip mall located?
    The property is located at 4830-4856 S Emerson Ave Indianapolis, IN.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Excellent visibility and accessibility on South Emerson Avenue.; - Ideal location for retail and strip center tenants.; - Situated in Indianapolis.
    (317) 890-1714
    Request Owner's contact information
    4830-4856 S Emerson Ave Indianapolis, IN 46226
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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
    4830-4856 S Emerson Ave Indianapolis, IN 46226
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