Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Stabilized Retail Property For Sale Title is generated by Realmo AI

    3535 S Emerson Ave, Beech Grove, IN 46107

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Core-plus retail property with immediate income and long-term value.

    Type:Retail
    Property size:
    72,983 SF
    Lot size:
    8.49 Acres
    Price / SF:
    $121/SF
    Added:
    Mar 5, 2026
    Days on Market:
    67
    Last Refresh:
    Mar 16 at 2:42 pm

    Property Features for 3535 S Emerson Ave

    General Information

    Standard status
    Active
    Size
    72,983 SF
    Lot size
    8.49 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1969

    We can help!

    Listing Contact
    Kyle Carson
    Kyle Carson

    Listing agent Kyle Carson License #MI 6501384480

    Listing office Fortis Net Lease

    Listing date Mar 5, 2026

    Source Crexi

    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

    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.
    • The 8.49‑acre land footprint allows for potential pad site development and redevelopment.
    • Occupancy stability reinforced by tenants with 10–40+ year operating histories.
    • Embedded lease escalations and rollover mark‑to‑market opportunities for organic NOI growth.

    Overview

    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.
    Location Intelligence

    Current Use by Public Records

    Hair Slingers Hair Salon H&R Block Tax Preparation Heather Johnson Hair Salon Pretty Braids and Extension ... Hair Salon LibertyX Bitcoin ATM Atm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • BMV Connect Kiosk — 3841 S Emerson Ave ste b, Indianapolis, IN 46203

    Location Insight

    • Map
    • Local Demand
    City
    Beech Grove
    County
    Marion
    State
    Indiana
    Longitude
    -86.081228
    Latitude
    39.71531

    Nearby Similar for Sale

    • $248,000

      New Construction Duplex Opportunity

      New construction duplex in Beech Grove, ready to finish!
      243 N 5th Avenue, Beech Grove, IN 46107
      View Details
    • $275,000

      Beech Grove Duplex with Income

      Move-in ready duplex with income potential in Beech Grove.
      142 S 5th Avenue, Beech Grove, IN 46107
      View Details
    • $399,900
      19,963 SF

      Beech Grove Church and Facility

      Two properties totaling nearly 20,000 SF in Beech Grove.
      102 S 9th Ave, Beech Grove, IN
      View Details
    • $250,000
      3,160 SF

      Beech Grove Church Building

      Church building suitable for various uses in Beech Grove.
      120 S 4th Ave, Beech Grove, IN 46107
      View Details

    FAQs

    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 $8,862,800.
    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.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kyle Carson
    Kyle Carson
    Real Estate License ID: MI 6501384480
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3535 S Emerson Ave, Beech Grove, IN 46107
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!