Leased Retail Center Near
For Sale
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4901 N Pennsylvania St, Indianapolis, IN
Fully leased retail center in desirable Indianapolis location.
Property Size12,352 SF
Lot Size0.81 Acres
Days on Market357
Property Features for 4901 N Pennsylvania St
General Information
Standard status
Active
Size
12,352 SF
Lot size
0.81 Acres
Property subtype
RETAIL
Listing Agency:
Colliers
(317) 713-2100
Listed By:
Rachel Patten
(317) 713-2348
Source:
Moodyscre
Added: Sep 11, 2025
Changed: Aug 20
Last Checked: Sep 2 at 12:25AM
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 Colliers
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in Indianapolis, IN
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Frequently Asked Questions
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.
