Retail Space with State Road
For Lease
$14 SF/Yr
1515 S State Road 37, Elwood, IN 46036
COMMERCIAL - Elwood, IN
Space SizeContact for details
Lot Size8.28 Acres
Days on Market465
Property Features for 1515 S State Road 37
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning
Commercial
Elementary school district
Elwood Community School Corp
Middle school district
Elwood Community School Corp
High school district
Elwood Community School Corp
Directions
GPS Friendly
Subdivision
4804 - Madison - Pipe Creek
Standard status
Active
APN
480414300173000027
Lot size
8.28 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
Sw 8.2750 Acres Str: 14216 Section: Plat: 00 In: Out:
Legal Description
Sw 8.2750 Acres Str: 14216 Section: Plat: 00 In: Out:
Listing Agency:
Keller Williams Indy Metro NE · Keller Williams Realty
(317) 564-7100
Listed By:
Robert Burlas · License #RB21001261
(317) 564-7100
Added: Apr 29, 2025
Changed: Aug 4
Last Checked: Aug 6 at 3:06PM
MLS# 22035391
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail space is located within Cardinal Square, an established neighborhood center in Elwood. The property carries Commercial zoning and encompasses 8.28 acres, with frontage along State Road 37 supporting access and exposure for customer-facing uses. The center includes Dollar Tree, Subway, and Needler's Fresh Market as named national tenants, providing an existing retail and food-oriented setting.
Manufacturing facilities are positioned across State Road 37, creating a nearby employment base during daytime hours. The location is suited to retail, food and beverage, and convenience-oriented concepts seeking placement within an established commercial center.
Manufacturing facilities are positioned across State Road 37, creating a nearby employment base during daytime hours. The location is suited to retail, food and beverage, and convenience-oriented concepts seeking placement within an established commercial center.
Key Highlights
- 8.28‑acre commercial property in Elwood
- Frontage along State Road 37
- Located within Cardinal Square neighborhood center
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
22k
Monthly Visits Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Neighborhood-center retail space with commercial zoning and established national co-tenancy.
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: 8.28‑acre commercial property in Elwood; Frontage along State Road 37; Located within Cardinal Square neighborhood center
