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Retail Medical Space
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4527 E 82nd St, Indianapolis, IN 46250

Divisible retail medical space on Indianapolis’ 82nd Street corridor with strong traffic of about 39,769 VPD.

Property Size5,447 SF
Days on Market500

Property Features for 4527 E 82nd St

General Information

Standard status Active
Size 5,447 SF
Property subtype RETAIL
Listing Agency: Veritas Realty
Listed By: Seth Biggerstaff · License #RB14049856
Source: Moodyscre
Added: Mar 19, 2025 Changed: Jul 30 Last Checked: Jul 30 at 5:34AM

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 Veritas Realty

Investment Insights

Based on property information with market context.

Available for lease is up to 8,857 SF of divisible retail medical space, designed to accommodate a range of healthcare-adjacent retail uses. The property also presents a future opportunity for a free-standing office space of about 1,700 SF.

4527 E 82nd St is positioned in the heart of Indianapolis’s main regional retail corridor on 82nd Street, located between The Fashion Mall at Keystone Crossing and Castleton Square Mall. The center benefits from strong traffic estimated at +/- 39,769 VPD, and current co-tenants include Simply Amish, Bonefish Grill, Eucy Nails, and Jewelry Lady. A planned new construction pylon sign is also included.

For operators seeking a retail medical location with high visibility in a heavily traveled suburban retail corridor, this space offers flexible divisibility within a mature retail setting.

Key Highlights

  • Up to 8,857 SF divisible retail medical space
  • Future 1,700 SF free‑standing office opportunity
  • Located on 82nd Street between The Fashion Mall at Keystone Crossing and Castleton Square Mall

Property Analytics

Current Use

Courtney Beam Physician Dr. Linda Cripe Pediatrician Dr. Daria Kaval Pediatrician Dr. Timothy Burrell Pediatrician Dr. Greg Miller Pediatrician

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Building Supply (Bike/Boat/Book/etc) Store Catering Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

716
Businesses Nearby

Demographics for 46250, IN

19,156
Population
9,815
Households
2
Avg Household Size
35
Median Age
53%
College-Educated
96%
High-School Grad
7.7 sq mi
ZIP Area
2,488
Density / Sq Mi
$69,591
Median Household Income
$45,696
Median Earnings
$1,293
Median Rent
$288,900
Median Home Value

Market

Lease Benchmarks for Indianapolis, IN

$17.98 /SF/Yr
Avg Asking Price
$11.43–$27.5 /SF/Yr
Price Range
4,109 SF
Avg Space Size

Vacancy Rate% for Retail in Indianapolis, IN

6.6% 2019
7.4% 2020
6.4% 2021
5% 2022
4.7% 2023
4.6% 2024
4.8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Divisible retail medical space on Indianapolis’ 82nd Street corridor with strong traffic of about 39,769 VPD.
Where is this retail space located?
The property is located at 4527 E 82nd St Indianapolis, IN.
What are key features of this property?
This property features: Up to 8,857 SF divisible retail medical space; Future 1,700 SF free‑standing office opportunity; Located on 82nd Street between The Fashion Mall at Keystone Crossing and Castleton Square Mall
(317) 789-8171 Call to check price and availability
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