4521 Independence Sq, Indianapolis, IN 46203
Vacant, well-maintained former daycare with ample parking and flexible CS zoning for multiple neighborhood-serving commercial uses.
- Added:
- Jun 29, 2026
- Days on Market:
- 8
- Last Refresh:
- Jul 5 at 2:28 am
Property Features for 4521 Independence Sq
General Information
- Standard status
- Active
- Size
- 4,928 SF
- Property subtype
- OFFICE
Listing office F.C. Tucker Company (317) 902-8622
Listing date Jun 29, 2026
Source Moodyscre
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 F.C. Tucker Company
HighLights
- 4,928 SF freestanding former daycare on 1.08 acres at 4521 Independence Square, Indianapolis, IN 46203
- Vacant and well‑maintained, ready for immediate use (owner‑user or investor)
- Zoned CS (Commercial Service) in Marion County for a wide range of neighborhood‑serving commercial uses
- Supports uses including professional/medical offices, daycare/educational facilities, veterinary clinics, fitness/wellness, salons, and small‑format retail
- Located just minutes from I‑465, I‑65, and I‑74 for easy access to the Indianapolis metro
- Ample parking and a functional layout
Overview
Access is a key advantage, with the property located just minutes from I-465, I-65, and I-74, connecting the site to the wider Indianapolis metro area. The location is positioned for daily exposure from surrounding residential neighborhoods and ongoing regional development, including residential expansion, industrial development, and commercial infill.
Zoned CS (Commercial Service) in Marion County, the site supports a wide range of uses identified in the listing, including professional and medical offices, daycare or educational facilities, veterinary clinics, fitness and wellness studios, salons and personal services, small-format retail, and other neighborhood-serving commercial operations. This zoning flexibility can support both immediate occupancy and longer-term repurposing, depending on the business plan.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $106.4k | $21.60 |
| − Vacancy | −$19.7k | −$4.00 |
| EGI | $86.8k | $17.60 |
| − OpEx | −$21.7k | −$4.40 |
| NOI | $65.1k | $13.20 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.07785
- Latitude
- 39.701712