4901 N Pennsylvania St, Indianapolis, IN

Listing agent Alex Davenport Show Phone

Listing office Colliers Show Phone

Listing date Sep 11, 2025

Source Moodyscre

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Overview

This fully leased neighborhood retail center is positioned near the Meridian-Kessler and Broad Ripple neighborhoods. Located on the corner of N Pennsylvania St and E 49th St, the center benefits from demographics with nearly 40,000 residents within a 3-mile radius and an average household income of $112,623. The property has over 5.8 years of WALT and a tenant roster. Current in-place rents are 13.22% below market. The tenant mix, featuring a fitness studio, dry cleaner, hair salon, and restaurants, serves as a draw for a range of consumers, positioning the property as a destination retail center. The property size is 12352 square feet.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

Location Insight

• Map
• Local Demand

City

Indianapolis

County

Hamilton

State

Indiana

Longitude

-86.1544

Latitude

39.8428

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FAQs

What type of property is this?

Strip mall - Fully leased retail center in desirable Indianapolis location.

Where is this strip mall located?

The property is located at 4901 N Pennsylvania St Indianapolis, IN.

What are key features of this property?

This property features: Fully leased retail center in the desirable Meridian‑Kessler/Broad Ripple area.; Excellent demographics with nearly 40,000 residents and an average household income of $112,623 within a 3‑mile radius.; Current in‑place rents are 13.22% below market, offering value‑add potential.