Anchored Multi-Tenant Retail
For Sale
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5550 Lafayette Road, Indianapolis, IN 46254
Starbucks and Old National Bank anchor a fully occupied multi-tenant retail center at a signalized intersection.
Property SizeContact for details
Days on Market122
Property Features for 5550 Lafayette Road
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Encino
Listed By:
William MacDonald · License #CA 01972917
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 10:56AM
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 - Encino
Investment Insights
Based on property information with market context.
This anchored, multi-tenant retail center totals 6,260 square feet of gross leasable area on 1.10 acres. Constructed in 2004, the property is currently fully occupied by Starbucks, Old National Bank, Cricket Wireless, and Ottocare Hearing Center. Starbucks recently exercised its first two (2) 5-year options, reflecting continued long-term occupancy. Cricket Wireless signed a new 3-year lease for the endcap space, and Ottocare Hearing Center recently signed a new 5-year lease after relocating to the center.
The center is located at the signalized intersection of Lafayette Road and West 56th Street, with combined traffic counts in excess of 51,025 vehicles per day. It is also just off I-465 and I-65, with commuting traffic reported at 184,329 vehicles per day between downtown Indianapolis and Park 100/Intech Park.
The tenant mix supports neighborhood and regional retail demand, with anchor stability provided by Starbucks and Old National Bank alongside two additional specialty retail tenants.
The center is located at the signalized intersection of Lafayette Road and West 56th Street, with combined traffic counts in excess of 51,025 vehicles per day. It is also just off I-465 and I-65, with commuting traffic reported at 184,329 vehicles per day between downtown Indianapolis and Park 100/Intech Park.
The tenant mix supports neighborhood and regional retail demand, with anchor stability provided by Starbucks and Old National Bank alongside two additional specialty retail tenants.
Key Highlights
- 6,260 SF gross leasable area multi‑tenant retail center on 1.10 acres
- Fully occupied by Starbucks, Old National Bank, Cricket Wireless, and Ottocare Hearing Center
- Anchored at the signalized intersection of Lafayette Road and W 56th St
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46254, IN
40,162
Population
17,955
Households
2.2
Avg Household Size
33
Median Age
32%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,187
Density / Sq Mi
$57,825
Median Household Income
$36,883
Median Earnings
$1,021
Median Rent
$175,700
Median Home Value
Market
Vacancy Rate% for Retail in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Starbucks and Old National Bank anchor a fully occupied multi-tenant retail center at a signalized intersection.
Where is this shopping center located?
The property is located at 5550 Lafayette Road Indianapolis, IN.
What are key features of this property?
This property features: 6,260 SF gross leasable area multi‑tenant retail center on 1.10 acres; Fully occupied by Starbucks, Old National Bank, Cricket Wireless, and Ottocare Hearing Center; Anchored at the signalized intersection of Lafayette Road and W 56th St
