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4614 W 38th St, Indianapolis, IN 46254

Mixed-use commercial asset with retail-oriented space in Indianapolis.

Property Size13,601 SF
Days on Market144

Property Features for 4614 W 38th St

General Information

Standard status Active
Size 13,601 SF
Property subtype Retail, Hospitality, Mixed Use

Financials

Asking Price $2,175,000
Cap Rate 7.14%
Listing Agency: Riser Retail Group Carmel
Listed By: John F. Riser · License #RB14036150
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 3:20AM

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 Riser Retail Group Carmel

Investment Insights

Based on property information with market context.

This mixed-use commercial property comprises 13,601 square feet of gross leasable area and is offered for sale. The asset is identified as a mixed-use property with retail space within the property classification.

Located at 4614 W 38th St in Indianapolis, the property carries a reported 7.14% cap rate. The available information identifies both the overall center and a vacant building component, with the property presented as a combined commercial offering.

Key Highlights

  • 13,601 SF of gross leasable area
  • Reported 7.14% cap rate
  • Mixed‑use property classification includes retail space

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Kitchen & Bath Showroom Garden Center Electrical Service

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

Location Intelligence

Trade Area within ½ mile

815
Businesses Nearby

Demographics for 46254, IN

40,162
Population
17,955
Households
2.2
Avg Household Size
33
Median Age
32%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,187
Density / Sq Mi
$57,825
Median Household Income
$36,883
Median Earnings
$1,021
Median Rent
$175,700
Median Home Value

Market

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?
Mixed-use property - Mixed-use commercial asset with retail-oriented space in Indianapolis.
Where is this mixed-use property located?
The property is located at 4614 W 38th St Indianapolis, IN.
What are key features of this property?
This property features: 13,601 SF of gross leasable area; Reported 7.14% cap rate; Mixed‑use property classification includes retail space
(317) 844-0700 Call to check price and availability
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