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    5203-5249 E Thompson Rd Indianapolis, IN 46221

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    For Lease
    $16 SF/Yr ($2,133 /Mo)

    Retail space for lease on Emerson Avenue near I-465.

    Property size:
    1,600 SF
    Lot size:
    10.44 Acres

    Property Features for 5203-5249 E Thompson Rd

    General Information

    Size
    1,600 SF
    Lot size
    10.44 Acres

    Source: Cushman & Wakefield | Indianapolis Agent Carmen Thompson

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

    Overview

    Retail Space on Emerson Avenue

    This retail space is located along Emerson Avenue, one mile south of I-465, at Thompson Road. Area retail includes Kroger Marketplace. Pylon signage is available, and ample parking is provided. An outparcel ground lease of 0.60 acres is available. The zoning is C4. The property is adjacent to a 94,000 square foot redevelopment and outparcel opportunity. The property size is 1,600 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.0802496
    Latitude
    39.6932789

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    FAQs

    What type of property is this?
    Retail space - Retail space for lease on Emerson Avenue near I-465.
    Where is this retail space located?
    The property is located at 5203-5249 E Thompson Rd Indianapolis, IN.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Outparcel ground lease on 0.60 AC; - Zoned C4; - Located along Emerson Avenue, 1 mile south of I-465, at Thompson Road
    (317) 352-5430
    Request Owner's contact information
    5203-5249 E Thompson Rd Indianapolis, IN 46221
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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
    5203-5249 E Thompson Rd Indianapolis, IN 46221
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