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    2240-2346 E 53Rd St Indianapolis, IN 46220

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    For Lease
    $12 SF/Yr ($1,540 /Mo)

    Retail space with high traffic and pylon signage available.

    Property size:
    1,540 SF
    Lot size:
    14.40 Acres

    Property Features for 2240-2346 E 53Rd St

    General Information

    Size
    1,540 SF
    Lot size
    14.40 Acres

    Source: CBRE | Indianapolis Agent Scott Gray

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

    Overview

    Retail Space on Keystone Avenue

    This retail space is located in a densely populated trade area and offers exposure to over 51,000 vehicles per day. Pylon signage is available on Keystone Avenue. The property benefits from excellent co-tenancy with businesses such as Ollie’s, Napa Auto Parts, Dollar Tree, Citi Trends, and Planet Fitness. The property has a size of 1540 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1249345
    Latitude
    39.8495262

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    FAQs

    What type of property is this?
    Retail space - Retail space with high traffic and pylon signage available.
    Where is this retail space located?
    The property is located at 2240-2346 E 53Rd St Indianapolis, IN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - High traffic exposure: Over 51,000 vehicles per day.; - Excellent co-tenancy: Located with Ollie’s, Napa Auto Parts, Dollar Tree, Citi Trends and Planet Fitness.; - Pylon signage available on Keystone Avenue.
    (317) 269-1000
    Request Owner's contact information
    2240-2346 E 53Rd St Indianapolis, IN 46220
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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
    2240-2346 E 53Rd St Indianapolis, IN 46220
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