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Shopping Center Redevelopment Site
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6245 E Washington St, Indianapolis, IN 46219

Redevelopment plan calls for a grocery-anchored center with daily-needs and locally operated retail uses.

Space Size2,400 SF
Lot Size15.00 Acres
Days on Market7

Property Features for 6245 E Washington St

General Information

Standard status Active
Size 2,400 SF
Lot size 15.00 Acres
Property subtype RETAIL

Spaces For Lease

at 6245 E Washington St Contact us

6301 E Washington St $14 – $18/SF/Yr

Floor
Bldg
Size
2,400 SF
Type
RETAIL
Availability
AVAILABLE, Now
Sublease
No
- A major redevelopment of Irvington Plaza Shopping Center is one component of the...
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Listing Agency: CBRE | Indianapolis
Listed By: Dean Almas · License #SL3357541
Source: Moodyscre
Added: Aug 6 Changed: Aug 10 Last Checked: Aug 11 at 11:32AM

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 CBRE | Indianapolis

Investment Insights

Based on property information with market context.

This 2,400-square-foot retail property is part of the planned redevelopment of Irvington Plaza Shopping Center, a 15-acre contiguous commercial site. The project vision includes a grocery anchor supported by retailers serving everyday household needs, along with banking, medical services, pet-related retail, hardware, and locally based businesses.

The property is located at 6245 E Washington St in Indianapolis, within the Washington Street commercial corridor. The redevelopment is presented as one element of broader east-side revitalization efforts, including residential and former industrial-area redevelopment nearby.

Key Highlights

  • Part of a planned 15‑acre contiguous redevelopment site
  • 2,400‑square‑foot retail property
  • Redevelopment concept includes a grocery anchor

Property Analytics

Current Use

Dairy Queen Grill ... Restaurant Bike Parking Bicycle Rack

Suggested Use

Top Pick Law Firm Skin Care Clinic HVAC Service Electrical Service Gym & Fitness Center (Bike/Boat/Book/etc) Store

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
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

388
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46219, IN

36,556
Population
17,028
Households
2.1
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
13.0 sq mi
ZIP Area
2,812
Density / Sq Mi
$57,811
Median Household Income
$38,995
Median Earnings
$991
Median Rent
$177,000
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
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Frequently Asked Questions

What type of property is this?
Shopping center - Redevelopment plan calls for a grocery-anchored center with daily-needs and locally operated retail uses.
Where is this shopping center located?
The property is located at 6245 E Washington St Indianapolis, IN.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Part of a planned 15‑acre contiguous redevelopment site; 2,400‑square‑foot retail property; Redevelopment concept includes a grocery anchor
(317) 844-5313 Call to check price and availability
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