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Anchored Grocery Shopping Center
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4200 S East St, Indianapolis, IN 46227

Southern Plaza is anchored by a Kroger grocery store with major retailers and outlot access off I-465.

Property Size3,029 SF
Days on Market1037

Property Features for 4200 S East St

General Information

Standard status Active
Size 3,029 SF
Property subtype RETAIL

Site & Location

Traffic Count 36,000 vehicles/day
Highway Access Yes

Building Details

Tenancy Multi
Listing Agency: First National Realty Partners
Listed By: Jeff Kellams
Source: Moodyscre
Added: Sep 28, 2023 Changed: Jul 25 Last Checked: Jul 29 at 3:52PM

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 First National Realty Partners

Investment Insights

Based on property information with market context.

Southern Plaza is a 267,652 SF shopping center anchored by a 59,520 SF Kroger grocery store. The center includes a high-quality tenant roster featuring Ross, Harbor Freight, Oak Street Health, Goodwill, Rue 21, Qdoba, Cosmo Prof, Verizon, BMO Bank, and Sally Beauty.

The property is located directly off Interstate 465, an eight-lane expressway with average traffic counts over 92,000 VPD. The center sits at the intersection of East Street and Hanna Avenue, with combined traffic counts over 36,000 VPD, serving a dense and growing market approximately 5 miles south of downtown Indianapolis. Within a 5-mile radius, the population is over 216,000 people with an average household income over $60,900.

Key Highlights

  • 267,652 SF shopping center anchored by a 59,520 SF Kroger grocery store
  • Tenant roster includes Ross, Harbor Freight, Oak Street Health, Goodwill, Rue 21, Qdoba, Cosmo Prof, Verizon, BMO Bank, and Sally Beauty
  • Located directly off I‑465 at the intersection of East Street and Hanna Avenue (I‑465 averages 92,000+ VPD; combined intersection traffic 36,000+ VPD)

Property Analytics

Current Use

Comdent Dental Services Dental Office Dr. Stephen S. ... Dental Office Freeway Insurance Insurance Agency The Excel Center Charitable Organization EL Azabache Mexican ... Restaurant

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Electrical Service HVAC Service Carpet & Flooring Store Daycare Center

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

Lease Details

36,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

563
Businesses Nearby
Well-served
Demand for This Use

Demographics for 46227, IN

62,126
Population
26,411
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
83%
High-School Grad
16.7 sq mi
ZIP Area
3,720
Density / Sq Mi
$50,993
Median Household Income
$35,591
Median Earnings
$994
Median Rent
$192,600
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
Rey
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Similar Off Market Nearby

  • Southern Plaza — 4200 S East St, Indianapolis, IN 46227
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  • Coinstar Kiosk | Bitcoin ATM — Kroger - Central, 4202 S East Street, Indianapolis, IN 46227
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Frequently Asked Questions

What type of property is this?
Shopping center - Southern Plaza is anchored by a Kroger grocery store with major retailers and outlot access off I-465.
Where is this shopping center located?
The property is located at 4200 S East St Indianapolis, IN.
What are key features of this property?
This property features: 267,652 SF shopping center anchored by a 59,520 SF Kroger grocery store; Tenant roster includes Ross, Harbor Freight, Oak Street Health, Goodwill, Rue 21, Qdoba, Cosmo Prof, Verizon, BMO Bank, and Sally Beauty; Located directly off I‑465 at the intersection of East Street and Hanna Avenue (I‑465 averages 92,000+ VPD; combined intersection traffic 36,000+ VPD)
(317) 332-7722 Call to check price and availability
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