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Retail Redevelopment Site with Two Parcels
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5140 N Keystone Ave, Indianapolis, IN 46205

Two-parcel redevelopment site with existing buildings and high visibility along North Keystone Avenue.

Property Size18,849 SF
Lot Size0.95 Acres
Days on Market124

Property Features for 5140 N Keystone Ave

General Information

Standard status Active
Size 18,849 SF
Lot size 0.95 Acres
Property subtype Retail
Listing Agency: Bradley Company Indianapolis
Listed By: Tom Osborne · License #IN
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 5:44AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bradley Company Indianapolis

Investment Insights

Based on property information with market context.

This redevelopment site consists of two separate parcels. Property #1 at 5140 N Keystone Ave includes a 14,106 SF building on 0.49 acres (21,344 SF of land). Property #2 at 5146 Brouse Ave includes a 4,743 SF building on 0.46 acres (20,038 SF of land).

The offering is positioned near the South Broad Ripple and Glendale submarkets, with high traffic counts and visibility. Brouse Avenue terminates immediately south of the property.

Both parcels are being marketed as redevelopment opportunities, providing flexibility for a new plan across the combined site area.

Key Highlights

  • Two‑parcel redevelopment site on N Keystone Ave with high visibility
  • Property #1: 0.49 acres (21,344 SF land) at 5140 N Keystone Ave; 14,106 SF building
  • Property #2: 0.46 acres (20,038 SF land) at 5146 Brouse Ave; 4,743 SF building

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Grocery & Convenience Store Restaurant HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,268
Businesses Nearby

Demographics for 46205, IN

27,531
Population
14,756
Households
1.9
Avg Household Size
34
Median Age
51%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
4,440
Density / Sq Mi
$65,756
Median Household Income
$48,138
Median Earnings
$1,087
Median Rent
$278,000
Median Home Value

Market

Vacancy Rate% for Retail in Indianapolis, IN

6.6% 2019
7.4% 2020
6.4% 2021
5% 2022
4.7% 2023
4.6% 2024
4.8% 2025
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Frequently Asked Questions

What type of property is this?
Commercial land - Two-parcel redevelopment site with existing buildings and high visibility along North Keystone Avenue.
Where is this commercial land located?
The property is located at 5140 N Keystone Ave Indianapolis, IN.
What are key features of this property?
This property features: Two‑parcel redevelopment site on N Keystone Ave with high visibility; Property #1: 0.49 acres (21,344 SF land) at 5140 N Keystone Ave; 14,106 SF building; Property #2: 0.46 acres (20,038 SF land) at 5146 Brouse Ave; 4,743 SF building
More about this property
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