Stabilized Retail Property For
3535 S Emerson Ave, Beech Grove, IN 46107
For Sale
$8,427,808
Core-plus retail property with immediate income and long-term value.
Property Size72,983 SF
Lot Size8.49 Acres
Price / SF$115.48
Days on Market233
Property Features for 3535 S Emerson Ave
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Building Size
Year Built
Year Renovated
Listing Agency:
Fortis Net Lease
Listed By:
Kyle Carson · License IN #6501384480
Source:
Commercialcafe
Added: Mar 27
Changed: Nov 10
Last Checked: Nov 14 at 2:27AM
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 Fortis Net Lease
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Investment Insights
Based on property information with market context.
Churchman Hill Plaza is a stabilized retail property offering immediate income yield and long-term value creation potential. The property features a diversified tenant roster anchored by national credit tenants such as Dollar Tree and Dollar General, alongside essential service, food, wellness, and neighborhood retail uses. Multiple tenants have operating histories of 10–40+ years at the site. The property is priced at an 8.00% going-in cap rate based on a net operating income of $583,517.91. Embedded lease escalations and rollover mark-to-market opportunities provide potential net operating income growth. The property includes an 8.49-acre land footprint, introducing long-term optionality through potential pad site development, rent increases on lease rollovers, redevelopment potential, and leasing up vacancies. The property is located at 3535 S Emerson Ave, Beech Grove, IN 46107 and has a size of 72983 square feet.
Key Highlights
- Enjoy an 8.00% Going‑in Cap Rate based on a $583,517.91 NOI.
- Anchored by investment‑grade national credit tenants: Dollar Tree and Dollar General.
- Diversified tenant roster with essential service, food, wellness, and neighborhood retail uses.
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
113k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Dining 31%
Speedway
Shops & Services
23,470 visits/mo
0.2 miles
Dollar Tree
Shops & Services
17,702 visits/mo
0.1 miles
Taco Bell
Dining
16,449 visits/mo
0.3 miles
Huntington Bank
Shops & Services
14,326 visits/mo
0.3 miles
Burger King
Dining
11,884 visits/mo
0.3 miles
Demographics for 46107, IN
12,994
Population
5,755
Households
2.3
Avg Household Size
38
Median Age
23%
College-Educated
89%
High-School Grad
3.3 sq mi
ZIP Area
3,938
Density / Sq Mi
$57,377
Median Household Income
$42,155
Median Earnings
$1,051
Median Rent
$166,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- BMV Connect Kiosk — 3841 S Emerson Ave ste b, Indianapolis, IN 46203
Frequently Asked Questions
What type of property is this?
Shopping center - Core-plus retail property with immediate income and long-term value.
Where is this shopping center located?
The property is located at 3535 S Emerson Ave Beech Grove, IN.
What is the asking price?
The asking price for this property is $8,427,808.
What are key features of this property?
This property features: Enjoy an 8.00% Going‑in Cap Rate based on a $583,517.91 NOI.; Anchored by investment‑grade national credit tenants: Dollar Tree and Dollar General.; Diversified tenant roster with essential service, food, wellness, and neighborhood retail uses.
