Strip Mall Retail
5868 East 71st Street Indianapolis, IN 46220
5868 East 71st Street, Indianapolis, IN, 46220
Contact for pricing
For Sale
Contact for pricing
For sale retail shopping center offering storefront space in a strip-mall configuration.
Property Size24,597 SF
Price / SF$331.34
Days on Market52
Property Features for 5868 East 71st Street
General Information
- Standard status
- Active
- Size
- 24,597 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1970
Listing agency
Bradley Company Indianapolis
Listed by
Nicholas R. Miller · License #IN
Source
Crexi
Added: Jun 1 Updated: Jul 10 at 4:00PM Checked: Jul 21 at 9:15AM
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 Bradley Company Indianapolis
Investment Insights
Based on property information with market context.
Binford Shoppes is a for-sale strip mall retail center featuring storefront property space designed for retail-oriented occupancy. The asset is classified as shopping center retail and is sized at 24,597 square feet, with the property information identifying it as a consolidated commercial retail format.
The center is located at 5868 East 71st Street in Indianapolis, Indiana, with the listing presented under the Binford Shoppes name. As a strip-mall style retail property, it is positioned to serve tenants looking for storefront-based access within a multi-tenant retail environment.
For prospective tenants, this property format can support retail users seeking a storefront setting within a larger retail center footprint. For buyers, it may be considered as an acquisition opportunity within the retail shopping center category, with the size and retail storefront classification providing a baseline for underwriting and tenant mix planning. Interested parties should review the full offering materials to confirm the specific unit configuration and any leasing or occupancy details associated with the property.
The center is located at 5868 East 71st Street in Indianapolis, Indiana, with the listing presented under the Binford Shoppes name. As a strip-mall style retail property, it is positioned to serve tenants looking for storefront-based access within a multi-tenant retail environment.
For prospective tenants, this property format can support retail users seeking a storefront setting within a larger retail center footprint. For buyers, it may be considered as an acquisition opportunity within the retail shopping center category, with the size and retail storefront classification providing a baseline for underwriting and tenant mix planning. Interested parties should review the full offering materials to confirm the specific unit configuration and any leasing or occupancy details associated with the property.
Key Highlights
- Retail shopping center in a strip‑mall configuration
- Storefront space available
- Built in 1970
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $413.2k | $16.80 |
| − Vacancy | −$35.1k | −$1.43 |
| EGI | $378.1k | $15.37 |
| − OpEx | −$113.4k | −$4.61 |
| NOI | $264.7k | $10.76 |
24,597 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.78M
$3.31M – $4.41M
NOI $264,674 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.12M
$5.36M – $7.14M
NOI $428,578 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Moonflower Marketing
Marketing & Advertising
Golden’s Fish & Chicken ...
Restaurant
Circle City Software ...
(Bike/Boat/Book/etc) Store
Hans Confer
Insurance Agency
Advance Look Building ...
Home Inspector
Similar For Sale Nearby
Similar Off Market Nearby
- Intech Retail — 6335 Intech Commons Dr, Indianapolis, IN 46278
FAQs
What type of property is this?
Shopping center - For sale retail shopping center offering storefront space in a strip-mall configuration.
Where is this shopping center located?
The property is located at 5868 East 71st Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $8,150,000.
What are key features of this property?
This property features: Retail shopping center in a strip‑mall configuration; Storefront space available; Built in 1970
