Freestanding Retail
For Sale
Contact for pricing
3420 N Emerson Ave, Indianapolis, IN 46218
Former healthcare facility with flexible MU-2 zoning for a range of retail, office, light industrial, and residential reuse options.
Property Size10,332 SF
Price / SF$41.13
Days on Market1154
Property Features for 3420 N Emerson Ave
General Information
Standard status
Active
Size
10,332 SF
Property subtype
RETAIL
Zoning
MU-2
Listing Agency:
Lee & Associates | Indianapolis
(317) 844-2700
Listed By:
Robert (Bob) Lindgren
(317) 218-1032
Source:
Moodyscre
Added: Jul 12, 2023
Changed: Aug 27
Last Checked: Aug 14 at 7:59AM
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 Lee & Associates | Indianapolis
Investment Insights
Based on property information with market context.
This freestanding retail building was previously used as a healthcare facility and is offered for sale as an adaptive reuse property. The existing structure provides a base for conversion to a new use, with multiple potential redevelopment paths suggested by the property’s flexible zoning.
The site is located on the west side of Emerson, just north of 34th, with an indicated strong traffic count in the area.
The property is governed by MU-2 zoning, which allows for a wide variety of retail, office, light industrial, and residential uses, making it suitable for a range of buyer and tenant concepts.
The site is located on the west side of Emerson, just north of 34th, with an indicated strong traffic count in the area.
The property is governed by MU-2 zoning, which allows for a wide variety of retail, office, light industrial, and residential uses, making it suitable for a range of buyer and tenant concepts.
Key Highlights
- Former healthcare facility with adaptive reuse potential
- Freestanding retail property for sale
- Flexible MU‑2 zoning supports a wide variety of retail, office, light industrial, and residential uses
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Explore this area
Business Placement
Demographics for 46218, IN
30,400
Population
15,343
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
80%
High-School Grad
9.5 sq mi
ZIP Area
3,200
Density / Sq Mi
$34,635
Median Household Income
$29,745
Median Earnings
$1,056
Median Rent
$90,200
Median Home Value
Market
Vacancy Rate% for Retail in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Former healthcare facility with flexible MU-2 zoning for a range of retail, office, light industrial, and residential reuse options.
Where is this retail space located?
The property is located at 3420 N Emerson Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Former healthcare facility with adaptive reuse potential; Freestanding retail property for sale; Flexible MU‑2 zoning supports a wide variety of retail, office, light industrial, and residential uses
