For lease
Strip malls
IN
Indianapolis
46227
5002 Madison Avenue

Retail Strip Center Corner Space

5002 Madison Avenue, Indianapolis, IN 46227

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For Lease

$2,500/Mo $10 SF/Yr (calc)

COMMERCIAL - Indianapolis, IN

Type:Retail

Property size:

2,900 SF

Lot size:

1.17 Acres

HighLights

Retail strip center at the corner of Madison Ave and Thompson Rd with high‑visibility positioning
Brick building with an asphalt parking lot
2900 sq ft retail space available, currently a large open area ready to be built out
Center tenants include H&R Block, Metro by T‑Mobile, Top Level Gym, Arcade 911, and Center Stage Dance Academy
Utilities included in lease: water, trash, and sewer; no extra CAM
Heating: natural gas; cooling: central air; year built: 1970

We can help!

Listing Contact

Derek Gutting

For Lease

$2,500/Mo $10 SF/Yr (calc)

COMMERCIAL - Indianapolis, IN

Type:Retail

Property size:

2,900 SF

Lot size:

1.17 Acres

Added:: Mar 7, 2024
Days on Market:: 827
Last Refresh:: Jun 12 at 11:06 am

Property Features for 5002 Madison Avenue

General Information

Property type: Commercial Lease
Property subtype: Retail
Zoning: c3
Standard status: Active
APN: 491506114011000500
Lot size: 1.17 Acres

Taxes and HOA fees

Tax Year: 2022
Tax Description: Turks Add L4 & Pt L5 Pt Nw1/4 S6 T14 R4 Beg Se Cor N131.91' W120' S131.91' E120' To Beg

Utilities

Heating system: Natural Gas
Cooling system: Central Air

Building Details

Year built: 1970
Floors in Building: 2

We can help!

Listing Contact

Derek Gutting

Listing agent Derek Gutting License #RB14024424

Listing office Keller Williams Indpls Metro N N Meridian St Ste 200 11595, Carmel, IN

Listing date Mar 7, 2024

MLS# 21967530

HighLights

Retail strip center at the corner of Madison Ave and Thompson Rd with high‑visibility positioning
Brick building with an asphalt parking lot
2900 sq ft retail space available, currently a large open area ready to be built out
Center tenants include H&R Block, Metro by T‑Mobile, Top Level Gym, Arcade 911, and Center Stage Dance Academy
Utilities included in lease: water, trash, and sewer; no extra CAM
Heating: natural gas; cooling: central air; year built: 1970

Overview

A retail strip center offering a 2,900-square-foot space currently presented as a large open area. The property is a brick building with an asphalt parking lot, allowing for convenient customer access. The listing notes that the unit is ready to be built out to a tenant’s requirements.

The center is described as having high visibility and being located at the corner of Madison Ave and Thompson Rd. Existing center tenants include H&R Block, Metro by T-Mobile, Top Level Gym, Arcade 911, and Center Stage Dance Academy. Water, trash, and sewer are included in the lease, and the listing indicates there is no additional CAM charge.

This layout is a good fit for a retail user looking for flexibility in build-out while operating within an established mix of service and entertainment-focused tenants. With utilities included and no extra CAM per the listing, budgeting may be simpler for an incoming tenant during initial occupancy planning.

Property Profile Location Intelligence

Current Use by Public Records

Top Level Gym Gym & Fitness Center Famous Wolf Strength ... Gym & Fitness Center ARCADE RESCUE 911 Factory Center Stage Dance ... Training Center Indianapolis Colts Training ... Furniture & Home Goods

Suggested Use

Location Insight

Map
Local Demand

City: Indianapolis
County: Hamilton
State: Indiana
Longitude: -86.137527
Latitude: 39.693132

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For lease
Strip malls
IN
Indianapolis
46227
5002 Madison Avenue

What type of property is this?

Strip mall - Corner retail suite in a brick strip center with on-site parking and utilities included for straightforward occupancy planning.

Where is this strip mall located?

The property is located at 5002 Madison Avenue Indianapolis, IN.

What is the lease rate?

The lease rate is $2,500 /Mo.

What are key features of this property?

This property features: Retail strip center at the corner of Madison Ave and Thompson Rd with high‑visibility positioning; Brick building with an asphalt parking lot; 2900 sq ft retail space available, currently a large open area ready to be built out

5002 Madison Avenue, Indianapolis, IN 46227

COMMERCIAL - Indianapolis, IN

Property Features for 5002 Madison Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Lease

Restaurant and Bar Space with Patio

Office Suite with Extensive Frontage

Historic Retail/Office Lease Space

Private Office Suite

Flexible Office and Medical Suites

Furnished Office Suite with Private Offices

Retail Suite with Back Office

Highly Visible Retail/Commercial Space

Flexible Office and Education Facility

C3 Office Space

Office Suite with Three Private Offices

C3 Zoned Office Space

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