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    5820 S Emerson Ave Indianapolis, IN 46220

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    For Lease
    Contact for pricing

    Outlots available in mixed-use development near downtown Indianapolis.

    Property size:
    2,050 SF
    Lot size:
    14.11 Acres

    Property Features for 5820 S Emerson Ave

    General Information

    Size
    2,050 SF
    Lot size
    14.11 Acres

    Source: Tharp Realty Agent Elaine Farhood

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

    Overview

    Heeringa Farms Outlots Available

    Up to four outlots are available for rent within the 27+acre Heeringa Farms mixed-use development, situated approximately 7 miles from downtown Indianapolis. These outlots are positioned facing South Emerson Avenue, specifically at the intersection of South Emerson and Edgewood Avenue, benefiting from a traffic volume of nearly 40,000 vehicles per day. While a proposed site plan exists, the sizes of both the outlots and buildings can be modified to accommodate specific client requirements. The property size is 2050 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
    -86.083885
    Latitude
    39.682133

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    FAQs

    What type of property is this?
    Retail space - Outlots available in mixed-use development near downtown Indianapolis.
    Where is this retail space located?
    The property is located at 5820 S Emerson Ave Indianapolis, IN.
    What are key features of this property?
    This property features: - High traffic location: Almost 40,000 vehicles per day (VPD) at the intersection of South Emerson and Edgewood Avenue.; - Outlots available in a mixed-use development: Part of the 27+acre Heeringa Farms development.; - Proximity to Indianapolis: Located just 7 miles from downtown Indianapolis.
    (317) 446-9684
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    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
    5820 S Emerson Ave Indianapolis, IN 46220
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