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    Freestanding Day Care Facility Title is generated by Realmo AI

    4521 Independence Sq, Indianapolis, IN 46203

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    Vacant, well-maintained former daycare with ample parking and flexible CS zoning for multiple neighborhood-serving commercial uses.

    Type:OFFICE
    Property size:
    4,928 SF
    Price / SF:
    $263/SF
    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

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    Annie Scott
    Annie Scott

    Listing office F.C. Tucker Company

    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

    Freestanding former daycare building totaling 4,928 square feet sits on 1.08 acres at 4521 Independence Sq, Indianapolis, IN 46203. The property is currently vacant and presented in a well-maintained condition, with a functional layout designed to support day care or education-style operations. With ample parking on site, it offers a practical, straightforward setup for an owner-user or investor seeking a turn-key facility.

    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
    4,928 SF · lease $21.60/SF/yr · vacancy 18.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $929.5K
    $813.3K – $1.08M (±1% cap)
    NOI $65,064 @ 7.0% cap · market cap 5.01%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.23M
    $1.07M – $1.43M (±1% cap)
    NOI $85,865 @ 7.0% cap · market cap 6.61%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Ide Management Group Retirement Home

    Suggested Use

    Law Firm Real Estate Agency Hair Salon Gym & Fitness Center Auto Parts Store Hotel & Motel Spa & Massage Center Skin Care Clinic Restaurant Dental Office

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.07785
    Latitude
    39.701712

    FAQs

    What type of property is this?
    Office building - Vacant, well-maintained former daycare with ample parking and flexible CS zoning for multiple neighborhood-serving commercial uses.
    Where is this office building located?
    The property is located at 4521 Independence Sq Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: 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
    (317) 902-8622 Call to check price and availability
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