Retail Space with
New
For Lease
$15 SF/Yr
7015-7017 Madison Ave., Indianapolis, IN 46227
Existing equipment and shelving support retail merchandising, with parking available at the center.
Space Size1,582 SF - 3,165 SF
Property Size6,330 SF
Days on Market1
Property Features for 7015-7017 Madison Ave.
General Information
Standard status
Active
Size
1,582 SF - 3,165 SF
Property subtype
Retail - Street Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
6,330 SF
Year Built
1966
Year Renovated
2025
Units
2
Tenancy
Multi
Spaces For Lease
at 7015-7017 Madison Ave.
7017 Madison Ave.
$15/SF/Yr
Size
1,582-3,165 SF
Type
Retail
Lease Type
NNN
Availability
Immediate
Sublease
No
Renewal Option
Yes
Listing Agency:
Arnold Meyer Commercial Real Estate
Listed By:
Phil Cohn · License #RB14037123
Source:
Commercialcafe
Added: Oct 7
Last Checked: Oct 7 at 2:49PM
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 Arnold Meyer Commercial Real Estate
Investment Insights
Based on property information with market context.
This retail space includes existing equipment and shelving, providing physical components for merchandising and store operations. The property was built in 1966 and received a new roof in 2025. On-site parking is available, and other businesses at the center include PPG Paints, China Garden, and Mizo Choka Asian Restaurant.
The property is positioned at the intersection of Southport Road and Madison Avenue, where traffic is approximately 40,800 vehicles per day. I-465 and US 31 provide regional connections. Greenwood is approximately 5 miles south, and downtown Indianapolis is approximately 9 miles north.
The property is positioned at the intersection of Southport Road and Madison Avenue, where traffic is approximately 40,800 vehicles per day. I-465 and US 31 provide regional connections. Greenwood is approximately 5 miles south, and downtown Indianapolis is approximately 9 miles north.
Key Highlights
- Existing equipment and shelving remain with the retail space
- New roof installed in 2025
- Approximately 40,800 vehicles per day at Southport Road and Madison Avenue
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
362
Businesses Nearby
Explore this area
Business Placement
Demographics for 46227, IN
62,126
Population
26,411
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
83%
High-School Grad
16.7 sq mi
ZIP Area
3,720
Density / Sq Mi
$50,993
Median Household Income
$35,591
Median Earnings
$994
Median Rent
$192,600
Median Home Value
Market
Lease Benchmarks for Indianapolis, IN
$18.18 /SF/Yr
Avg Asking Price
$2.22–$33.33 /SF/Yr
Price Range
9,540 SF
Avg Space Size
This space is priced 17% below the average of $18.18 /SF/Yr.
Vacancy Rate% for Retail in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Existing equipment and shelving support retail merchandising, with parking available at the center.
Where is this retail space located?
The property is located at 7015-7017 Madison Ave. Indianapolis, IN.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Existing equipment and shelving remain with the retail space; New roof installed in 2025; Approximately 40,800 vehicles per day at Southport Road and Madison Avenue
