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    8603 S Emerson Ave Indianapolis, IN 46237

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    For Lease
    Contact for pricing

    New retail center with outlot available for ground lease.

    Property size:
    1,660 SF
    Lot size:
    1.93 Acres

    Property Features for 8603 S Emerson Ave

    General Information

    Size
    1,660 SF
    Lot size
    1.93 Acres

    Source: Veritas Realty Agent Andrew Demaree

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

    Overview

    New Retail Center with Outlot

    This new construction neighborhood retail center is 100% complete. It features two small shop buildings with flexible suite sizes. An outlot of 1.1 acres (net) is available for ground lease or build-to-suit along Emerson Avenue. The location offers highway visibility from I-65 and is suitable for entertainment, a hotel, multi-family housing, automotive businesses, and more. The property benefits from over 63,000 vehicles per day at the intersection of Emerson Avenue and County Line Road. The area has a heavy daytime population, driven by nearby Kroger Marketplace, Franciscan Health, Walmart Supercenter, Costco, and Floor & Decor. The property offers 1,660 square feet of retail space at 8603 S Emerson Ave, Indianapolis, IN.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    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.

    Similar Places Nearby

    Southport Pavilion, mall marke mexican, Special Needs Procuct Designs, Southport Commons

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.082628
    Latitude
    39.64014

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    FAQs

    What type of property is this?
    Shopping center - New retail center with outlot available for ground lease.
    Where is this shopping center located?
    The property is located at 8603 S Emerson Ave Indianapolis, IN.
    What are key features of this property?
    This property features: - High-traffic location with over 63,000 CPD at the intersection of Emerson Ave & County Line Rd.; - Anchor pad with highway (I-65) visibility.; - Located in a new construction, 100% complete retail center.
    (317) 737-2880
    Request Owner's contact information
    8603 S Emerson Ave Indianapolis, IN 46237
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    Indianapolis, IN 46237
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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
    8603 S Emerson Ave Indianapolis, IN 46237
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