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Avalon Crossing Shopping Center
For Sale
Contact for pricing
Pending

6935 Lake Plaza Dr, Indianapolis, IN 46220

Multi-building retail center with existing occupancy and available space for leasing.

Property Size82,847 SF
Days on Market327

Property Features for 6935 Lake Plaza Dr

General Information

Standard status Pending
Size 82,847 SF
Property subtype Retail
Zoning C3
Occupancy 92%

Site & Location

Traffic Count 34,000 vehicles/day
Highway Access Yes

Building Details

Year Built 1976
Year Renovated 2008
Buildings 3
Units 20
Tenancy Multi
Listing Agency: Colliers - Indianapolis, Indiana
Listed By: Alex Davenport · License #IN RB14049400
Source: Crexi
Added: Oct 10, 2025 Changed: Aug 30 Last Checked: Aug 30 at 2:05PM

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 Colliers - Indianapolis, Indiana

Investment Insights

Based on property information with market context.

Avalon Crossing is a neighborhood shopping center comprising three buildings and 82,847 SF of retail space. Built in 1976, the property is zoned C3 and currently accommodates 18 tenants. Occupancy stands at 93%, with two vacant areas totaling 6,105 SF and a WALT of 3.43 years.

The center is positioned at Binford Boulevard and 71st Street, with an address on Lake Plaza Drive in Indianapolis. Binford Boulevard carries 34,000 vehicles per day, and the property has a direct connection to I-69. The surrounding trade area includes nearly 63,000 residents within three miles and is described as affluent and dense.

Key Highlights

  • 82,847 SF neighborhood shopping center across three buildings
  • 93% leased to 18 tenants with 3.43 years of WALT
  • Two vacancies totaling 6,105 SF

Property Analytics

Current Use

Best Flooring Outlet Carpet & Flooring Store Best Flooring & Blinds Carpet & Flooring Store Avalon Crossing Shopping Center & Mall Anytime Fitness Gym & Fitness Center Bimbo Bakeries Bakery

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Garden Center Computer & Electronic Repair Locksmith Catering 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

34,000 VPD
Traffic count
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

588
Businesses Nearby
Balanced
Demand for This Use

Demographics for 46220, IN

36,078
Population
17,524
Households
2.1
Avg Household Size
37
Median Age
67%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
3,084
Density / Sq Mi
$103,735
Median Household Income
$58,867
Median Earnings
$1,330
Median Rent
$329,700
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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Frequently Asked Questions

What type of property is this?
Shopping center - Multi-building retail center with existing occupancy and available space for leasing.
Where is this shopping center located?
The property is located at 6935 Lake Plaza Dr Indianapolis, IN.
What are key features of this property?
This property features: 82,847 SF neighborhood shopping center across three buildings; 93% leased to 18 tenants with 3.43 years of WALT; Two vacancies totaling 6,105 SF
More about this property
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