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    4202 W 56Th St Indianapolis, IN 46254

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    For Sale
    $1,200,000

    Retail center with additional land, conveniently located and fully leased.

    Property size:
    12,840 SF
    Lot size:
    3.13 Acres

    Property Features for 4202 W 56Th St

    General Information

    Size
    12,840 SF
    Lot size
    3.13 Acres

    Source: Alo Property Group Agent Michael Short

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

    Overview

    Fully Leased Retail Center

    This fully leased retail center is located just off Guion Rd, moments from Georgetown Rd. The property is 100% leased to four tenants. The property includes an additional 1.32 acres of land zoned C3. The property size is 12,840 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Indiana Managed Services Business To Business Service Temp Staffing of Indiana Temp Agency Taqueria Del Barrio Mexican Restaurant Guion Creek Retail ... Shopping Mall Hello Beautiful Hair ... Beauty Salon

    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
    -86.23148
    Latitude
    39.853948

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    FAQs

    What type of property is this?
    Strip mall - Retail center with additional land, conveniently located and fully leased.
    Where is this strip mall located?
    The property is located at 4202 W 56Th St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Fully Leased investment opportunity; - Additional 1.32 Acres of Land Zoned C3; - Located Just Off Guion Rd
    (317) 800-4664
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    4202 W 56Th St Indianapolis, IN 46254
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    Indianapolis, IN 46254
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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
    4202 W 56Th St Indianapolis, IN 46254
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