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Retail Space with Central Air
For Lease
$4,000/Mo

7027 Pendleton Pike, Indianapolis, IN 46226

COMMERCIAL - Indianapolis, IN

Space Size4,400 SF
Lot Size0.86 Acres
Days on Market269

Property Features for 7027 Pendleton Pike

General Information

Property type Commercial Lease
Property subtype Retail
Zoning ZO02
Elementary school district MSD Lawrence Township
Middle school district MSD Lawrence Township
High school district MSD Lawrence Township
Directions GPS Friendly
Subdivision 4904 - Marion - Lawrence
Standard status Active
APN 490713112030000401
Lot size 0.86 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description Part of Shadeland Park Annex L134-L137 & Vacated Alley W & Adj
Legal Description Part of Shadeland Park Annex L134-L137 & Vacated Alley W & Adj

Utilities

Utilities Cable Available
Heating system Natural Gas, Forced Air
Cooling system Central Air
Listing Agency: CENTURY 21 Scheetz · Century 21 Real Estate
Listed By: Jim Lane · License #RB14042141
Added: Nov 21, 2025 Changed: Aug 4 Last Checked: Aug 17 at 4:06AM
MLS# 22023986

Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Approximately 4,400 sq ft of versatile retail space is available for lease in a Pendleton Pike center, positioned alongside established co-tenants. The space is designed to support retail, service, or professional office uses, with a flexible layout and prominent street frontage. On-site shared parking is available to serve tenants and customers.

The property sits on a 0.86-acre lot and is located in a Federal Opportunity Zone. Heating is forced air with natural gas, and cooling is provided via central air. Cable is available for tenant connectivity.

Key Highlights

  • Approximately 4,400 sq ft retail space for lease
  • 0.86‑acre lot in a Federal Opportunity Zone
  • Prominent street frontage in a Pendleton Pike center

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Parking Lot & Garage Furniture & Home Goods Electrical 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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$1.64 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

572
Businesses Nearby

Demographics for 46226, IN

43,997
Population
21,380
Households
2.1
Avg Household Size
35
Median Age
24%
College-Educated
81%
High-School Grad
14.8 sq mi
ZIP Area
2,973
Density / Sq Mi
$47,086
Median Household Income
$34,225
Median Earnings
$1,045
Median Rent
$148,900
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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Central air and forced-air natural gas heating serve this retail space in ZO02, with cable available.
Where is this retail space located?
The property is located at 7027 Pendleton Pike Indianapolis, IN.
What is the lease rate?
The lease rate is $4,000/Mo.
What are key features of this property?
This property features: Approximately 4,400 sq ft retail space for lease; 0.86‑acre lot in a Federal Opportunity Zone; Prominent street frontage in a Pendleton Pike center
More about this property
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