Shopping Center with New
For Sale
Contact for pricing
5435 W 34th St, Indianapolis, IN 46224
Established retail center with recent exterior improvements, long-term tenant presence, and prominent daily vehicle exposure.
Property Size38,659 SF
Days on Market144
Property Features for 5435 W 34th St
General Information
Standard status
Active
Size
38,659 SF
Property subtype
Retail
Additional Details
Cap Rate
9.09%
Traffic Count
24,450 vehicles/day
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Indianapolis
Listed By:
Adam O'Sullivan · License #IN RB16000786
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 11:37PM
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 Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
Tara Plaza is a 38,659-square-foot shopping center on W. 34th Street in Indianapolis, positioned across from Northwest Middle School. Recent capital work includes the roof, parking lot, and facade. Family Dollar has renewed its lease, extending its presence beyond 30 years, while the tenant roster includes Los Dos Hermanos and other retail occupants with staggered lease terms.
The property benefits from 24,450 vehicles passing each day and a surrounding population exceeding 230,000 within 5 miles. Daytime population within 3 miles is 86,759, and nearby Lafayette Square Mall is planned for a $200 million redevelopment. The offering is identified with a 9.09% CAP rate and includes leases that may allow recovery of management fees.
The property benefits from 24,450 vehicles passing each day and a surrounding population exceeding 230,000 within 5 miles. Daytime population within 3 miles is 86,759, and nearby Lafayette Square Mall is planned for a $200 million redevelopment. The offering is identified with a 9.09% CAP rate and includes leases that may allow recovery of management fees.
Key Highlights
- 38,659‑square‑foot shopping center on W. 34th Street
- 9.09% CAP rate
- 24,450 vehicles pass the property each day
Property Analytics
Current Use
Lease Details
24,450 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 46224, IN
38,822
Population
16,912
Households
2.3
Avg Household Size
32
Median Age
24%
College-Educated
83%
High-School Grad
7.2 sq mi
ZIP Area
5,392
Density / Sq Mi
$53,731
Median Household Income
$35,726
Median Earnings
$1,048
Median Rent
$166,500
Median Home Value
Market
Vacancy Rate% for Retail in Indianapolis, IN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Town West Shopping Center — 5619 38th st, indianapolis, in 46254
- Northwest Plaza Shopping Center — Indianapolis, IN 46254
- Georgetown Plaza — 4915 38th St, Indianapolis, IN 46254
- Coinstar Kiosk | Bitcoin ATM — PLS Financial Services, Inc, 5516 W 38th St, Indianapolis, IN 46254
- HONEY CREEK PLAZA — 5324 38th St, Indianapolis, IN 46254
Frequently Asked Questions
What type of property is this?
Shopping center - Established retail center with recent exterior improvements, long-term tenant presence, and prominent daily vehicle exposure.
Where is this shopping center located?
The property is located at 5435 W 34th St Indianapolis, IN.
What are key features of this property?
This property features: 38,659‑square‑foot shopping center on W. 34th Street; 9.09% CAP rate; 24,450 vehicles pass the property each day
