Stabilized Retail Property For
For Sale
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3535 S Emerson Ave, Beech Grove, IN 46107
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 Market160
Property Features for 3535 S Emerson Ave
General Information
Standard status
Active
Size
72,983 SF
Class
B
Lot size
8.49 Acres
Property subtype
Retail
Zoning
Commercial
Occupancy
97%
Lease Type
NN
Investment Type
Value Add
Net Operating Income
$686,866
Building Details
Year Built
1969
Year Renovated
2024
Buildings
1
Stories
1
Units
15
Tenancy
Multi
Listing Agency:
Fortis Net Lease
Listed By:
Kyle Carson · License #MI 6501384480
Source:
Crexi
Added: Mar 5
Changed: Aug 10
Last Checked: Aug 10 at 10:56AM
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
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
111k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 30%
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
0.5 miles
Huntington Bank
Shops & Services
14,326 visits/mo
0.4 miles
Burger King
Dining
11,884 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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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 $8,427,809.
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.
