Freestanding Office and Daycare
For Sale
Contact for pricing
4521 Independence Sq, Indianapolis, IN 46203
Freestanding 4,928-square-foot building on 1.08 acres, vacant and well-maintained, zoned CS for a variety of commercial uses.
Property Size4,928 SF
Lot Size1.08 Acres
Price / SF$223.21
Days on Market122
Property Features for 4521 Independence Sq
General Information
Standard status
Active
Size
4,928 SF
Lot size
1.08 Acres
Property subtype
OFFICE
Zoning
CS
Site & Location
Neighborhood
i-65 / South Emerson
Highway Access
Yes
Building Details
Buildings
1
Listing Agency:
F.C. Tucker Company
Listed By:
Annie Scott · License #RB15000739
(317) 902-8622
Source:
Moodyscre
Added: Jun 29
Changed: Oct 26
Last Checked: Oct 28 at 8:40AM
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
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Investment Insights
Based on property information with market context.
A vacant, well-maintained freestanding building totaling 4,928 square feet sits on 1.08 acres and is positioned for immediate use. The property’s former daycare layout provides a functional interior configuration for a range of commercial applications, and the site includes ample parking to support day-to-day operations.
The property is located at 4521 Independence Square in Indianapolis, within the CS (Commercial Service) zoning classification in Marion County. The listing notes strong connectivity to major interstates, with access just minutes from I-465, I-65, and I-74.
Zoning flexibility supports professional and medical office use, daycare or educational facilities, veterinary clinics, fitness or wellness studios, salons and personal services, small-format retail, and other neighborhood-serving commercial operations.
The property is located at 4521 Independence Square in Indianapolis, within the CS (Commercial Service) zoning classification in Marion County. The listing notes strong connectivity to major interstates, with access just minutes from I-465, I-65, and I-74.
Zoning flexibility supports professional and medical office use, daycare or educational facilities, veterinary clinics, fitness or wellness studios, salons and personal services, small-format retail, and other neighborhood-serving commercial operations.
Key Highlights
- 4,928‑square‑foot freestanding former daycare on 1.08 acres in Indianapolis, IN 46203
- Vacant and well‑maintained, ready for immediate use
- Zoned CS (Commercial Service) in Marion County, supporting a variety of commercial uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,064
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,301,280
$1.3M
Cap Rate 7%
$929,486
$929.5K
Cap Rate 9%
$722,933
$722.9K
Market Conditions
NOI Build-Up for 4,928 SF
Gross rent
$106.4K $21.60/SF
− Vacancy
−$19.7K −$4.00/SF
EGI
$86.8K $17.60/SF
− OpEx
−$21.7K −$4.40/SF
NOI
$65.1K $13.20/SF
Area
Indianapolis, IN
Vacancy
18.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,301,280
Cap Rate 7%
$929,486
Cap Rate 9%
$722,933
Alternative Uses
Best Use
Office B
$929.5K
$813.3K – $1.08M
NOI $65,064 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,865 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
760
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 46203, IN
38,224
Population
18,057
Households
2.1
Avg Household Size
34
Median Age
26%
College-Educated
79%
High-School Grad
13.9 sq mi
ZIP Area
2,750
Density / Sq Mi
$55,375
Median Household Income
$40,620
Median Earnings
$1,022
Median Rent
$155,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Indianapolis, IN
Similar Off Market Nearby
- Edgewood Preschool Cooperative — 4700 Shelbyville Rd, Indianapolis, IN 46237
- Kid City USA BeechGrove — 4545 Independence Square, Indianapolis, IN 46203
- Quality Preschool — 5701 Elmwood Ave Suite E, Indianapolis, IN 46203
Frequently Asked Questions
What type of property is this?
Day care center - Freestanding 4,928-square-foot building on 1.08 acres, vacant and well-maintained, zoned CS for a variety of commercial uses.
Where is this day care center located?
The property is located at 4521 Independence Sq Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,928‑square‑foot freestanding former daycare on 1.08 acres in Indianapolis, IN 46203; Vacant and well‑maintained, ready for immediate use; Zoned CS (Commercial Service) in Marion County, supporting a variety of commercial uses
