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Retail Space with Road Frontage
For Lease
$14 SF/Yr

1515 S State Road 37, Elwood, IN 46036

Customer-facing space within an established neighborhood center near national retail, grocery, and quick-service tenants.

Space SizeContact for details
Days on Market40

Property Features for 1515 S State Road 37

General Information

Standard status Active

Site & Location

Highway Access Yes
Road Access Yes
Listing Agency: Keller Williams Indy Metro NE
Listed By: Robert Burlas · License #RB21001261
Source: Megandusing
Added: Jul 21 Changed: Aug 29 Last Checked: Aug 25 at 5:08AM

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 Keller Williams Indy Metro NE

Investment Insights

Based on property information with market context.

This 4,020-square-foot retail space is located at 1515 S State Road 37 in Elwood, Indiana, along the city’s primary commercial corridor. The property offers direct frontage on State Road 37 and is positioned within Cardinal Square, an established neighborhood center with a customer-facing retail environment.

National tenants including Dollar Tree, Subway, and Needler’s Fresh Market occupy the center. Large manufacturing facilities directly across State Road 37 provide a nearby employment base and generate daily employee activity during work hours. The setting supports retail, food and beverage, and convenience-oriented commercial uses as described for the space.

Key Highlights

  • 4,020‑square‑foot retail space at 1515 S State Road 37, Elwood, IN 46036
  • Direct frontage along State Road 37
  • Located in Cardinal Square neighborhood center

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Hair Salon Auto Repair Shop Auto Parts Store Nail Salon Big Box & Wholesale Store

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

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

82
Businesses Nearby
22k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 60% Shops & Services 37% Home Improvements & Furnishings 4%
Taco Bell Dining
10,629 visits/mo 0.1 miles
Dollar Tree Shops & Services
7,350 visits/mo 0.2 miles
SUBWAY Dining
2,686 visits/mo 0.1 miles
Rent A Center Home Improvements & Furnishings
788 visits/mo 0.2 miles
FedEx Office Print & Ship Center Shops & Services
772 visits/mo 0.2 miles

Demographics for 46036, IN

11,247
Population
5,284
Households
2.1
Avg Household Size
44
Median Age
10%
College-Educated
92%
High-School Grad
80.3 sq mi
ZIP Area
140
Density / Sq Mi
$59,082
Median Household Income
$39,022
Median Earnings
$841
Median Rent
$108,500
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Customer-facing space within an established neighborhood center near national retail, grocery, and quick-service tenants.
Where is this retail space located?
The property is located at 1515 S State Road 37 Elwood, IN.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: 4,020‑square‑foot retail space at 1515 S State Road 37, Elwood, IN 46036; Direct frontage along State Road 37; Located in Cardinal Square neighborhood center
More about this property
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