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Neighborhood Retail Center

15481 Union Chapel Road, Noblesville, IN 46060

For Sale
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Modern, fully leased retail property with triple-net tenancy and direct access from Union Chapel Road.

Property Size10,097 SF
Lot Size2.62 Acres
Price / SF$391.21
Days on Market100

Property Features for 15481 Union Chapel Road

General Information

Standard status Active
Size 10,097 SF
Class A
Total Parking Spaces 39
Lot size 2.62 Acres
Property subtype Retail
Zoning CCPD, Meredith Meadows PD
Occupancy 100%
Lease Type NNN
Investment Type Net Lease
Net Operating Income $284,558

Building Details

Year Built 2019
Units 5
Tenancy Multi
Listing Agency: Klamen Commercial Advisors
Listed By: Jake Klamen · License MO #2019001177
Source: Crexi
Added: Aug 7 Changed: Nov 9 Last Checked: Nov 12 at 5:45AM

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 Klamen Commercial Advisors

Rey
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Investment Insights

Based on property information with market context.

This neighborhood shopping center contains 10,097 SF on 2.62 acres and was completed in 2019. The property is fully leased under triple-net agreements to a tenant mix comprising national, regional, and local businesses. Zoning is designated CCPD and Meredith Meadows PD.

Positioned at 15481 Union Chapel Road in Noblesville, the center is near The Sagamore Club and benefits from access via Union Chapel Road and Greenfield Avenue. Kroger Marketplace is less than a mile away, while Meijer and Walmart supercenters are each within two miles. More than 1,000 new housing lots have been developed or are underway just off nearby Summer Road. The property also offers nearly 5-years of weighted average lease term.

Key Highlights

  • 10,097 SF neighborhood shopping center on 2.62 acres
  • 100% leased under triple‑net agreements
  • Built in 2019

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Marco’s Pizza Restaurant RU² Construction Company

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Restaurant Auto Repair Shop Spa & Massage 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.

Location Intelligence

Trade Area within ½ mile

52
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46060, IN

45,073
Population
18,887
Households
2.4
Avg Household Size
35
Median Age
46%
College-Educated
95%
High-School Grad
80.6 sq mi
ZIP Area
559
Density / Sq Mi
$91,141
Median Household Income
$50,557
Median Earnings
$1,215
Median Rent
$292,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Shopping center - Modern, fully leased retail property with triple-net tenancy and direct access from Union Chapel Road.
Where is this shopping center located?
The property is located at 15481 Union Chapel Road Noblesville, IN.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 10,097 SF neighborhood shopping center on 2.62 acres; 100% leased under triple‑net agreements; Built in 2019
(314) 680-9919 Call to check price and availability
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