Freestanding Office and Daycare
4521 Independence Sq Indianapolis, IN 46203
For Sale
Contact for pricing
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$263.60
Days on Market31
Property Features for 4521 Independence Sq
General Information
Standard status
Active
Size
4,928 SF
Lot size
1.08 Acres
Property subtype
OFFICE
Listing Agency:
F.C. Tucker Company
(317) 902-8622
Listed By:
Annie Scott
(317) 902-8622
Source:
Moodyscre
Added: Jun 29
Changed: Jul 29
Last Checked: Jul 29 at 3:00AM
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
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 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
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
NOI $85,865 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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 $1,299,000.
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
