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    4901 N Pennsylvania St Indianapolis, IN 46205

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    For Sale
    Contact for pricing

    Fully leased retail center in desirable Indianapolis location.

    Property size:
    12,352 SF
    Lot size:
    0.81 Acres

    Property Features for 4901 N Pennsylvania St

    General Information

    Size
    12,352 SF
    Lot size
    0.81 Acres

    Source: Colliers Agent Rachel Patten

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

    Overview

    Leased Retail Center Near Meridian-Kessler

    This fully leased neighborhood retail center is positioned near the Meridian-Kessler and Broad Ripple neighborhoods. Located on the corner of N Pennsylvania St and E 49th St, the center benefits from demographics with nearly 40,000 residents within a 3-mile radius and an average household income of $112,623. The property has over 5.8 years of WALT and a tenant roster. Current in-place rents are 13.22% below market. The tenant mix, featuring a fitness studio, dry cleaner, hair salon, and restaurants, serves as a draw for a range of consumers, positioning the property as a destination retail center. The property size is 12352 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cafe Patachou Cafe USPS Mailbox Mailing Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1544182
    Latitude
    39.8428225

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    FAQs

    What type of property is this?
    Strip mall - Fully leased retail center in desirable Indianapolis location.
    Where is this strip mall located?
    The property is located at 4901 N Pennsylvania St Indianapolis, IN.
    What are key features of this property?
    This property features: - Fully leased retail center in the desirable Meridian-Kessler/Broad Ripple area.; - Excellent demographics with nearly 40,000 residents and an average household income of $112,623 within a 3-mile radius.; - Current in-place rents are 13.22% below market, offering value-add potential.
    (317) 713-2100
    Request Owner's contact information
    4901 N Pennsylvania St Indianapolis, IN 46205
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    Indianapolis, IN 46205
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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
    4901 N Pennsylvania St Indianapolis, IN 46205
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