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Former CVS Stand-Alone Retail Space
For Lease
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5110 E 38th St., Indianapolis, IN 46218

Stand-alone retail space available for sublease in busy location.

Space Size12,900 SF
Days on Market277

Property Features for 5110 E 38th St.

General Information

Standard status Active
Size 12,900 SF
Property subtype Retail
Zoning C3

Building Details

Building Size 12,900 SF

Spaces For Lease

at 5110 E 38th St. Contact us

5110 E. 38th St. (Sublease)

Size
12,900 SF
Type
Free Standing Building
Term
Negotiable
Rate
Contact for pricing
Contact us
Listing Agency: Premier Commercial Real Estate Services, Inc.
Listed By: Pete Alveal · License #IN123455
Source: Premiercommercialre
Added: Nov 24, 2025 Changed: Aug 25 Last Checked: Aug 26 at 7:07AM

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 Premier Commercial Real Estate Services, Inc.

Investment Insights

Based on property information with market context.

This is a former stand-alone CVS available for sublease through January 31, 2032. The property is situated in a busy location at the intersection of 38th Street and Emerson Boulevard, offering ingress and egress on both streets. It also provides easy access from Grand Avenue, a side street. The property provides ample parking and has a size of 12900 square feet.

Key Highlights

  • Sublease available through 1/31/2032
  • Busy location at 38th St. & Emerson Blvd.
  • Ingress & egress on 38th St. & Emerson Blvd.

Property Analytics

Current Use

Huge Impact Restaurant Restaurant MoneyGram Bank CVS Pharmacy CVS Pharmacy Pharmacy UPS Access Point ... Courier Service

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Electrical Service HVAC 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.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

715
Businesses Nearby
Balanced
Demand for This Use

Demographics for 46218, IN

30,400
Population
15,343
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
80%
High-School Grad
9.5 sq mi
ZIP Area
3,200
Density / Sq Mi
$34,635
Median Household Income
$29,745
Median Earnings
$1,056
Median Rent
$90,200
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
Rey
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Similar Off Market Nearby

  • Indy Scripts Pharmacy 5343 W 38th St, Indianapolis, IN 46254
  • Meijer Pharmacy 5349 W Pike Plaza Rd, Indianapolis, IN 46254
  • Georgetown Natural Foods Market 4375 Georgetown Rd, Indianapolis, IN 46254
  • Lauren H. Montieth, DC 4375 Georgetown Rd, Indianapolis, IN 46254

Frequently Asked Questions

What type of property is this?
Drug store - Stand-alone retail space available for sublease in busy location.
Where is this drug store located?
The property is located at 5110 E 38th St. Indianapolis, IN.
What are key features of this property?
This property features: Sublease available through 1/31/2032; Busy location at 38th St. & Emerson Blvd.; Ingress & egress on 38th St. & Emerson Blvd.
More about this property
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