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    Retail Development Opportunity on Pendleton Title is generated by Realmo AI

    7352 Pendleton Pike, Indianapolis, IN 46226

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    Retail development opportunity with high traffic and commercial zoning.

    Type:Retail
    Property size:
    12,000 SF
    Price / SF:
    $250/SF
    Added:
    Feb 17, 2026
    Days on Market:
    129
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 7352 Pendleton Pike

    General Information

    Standard status
    Active
    Size
    12,000 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1989

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    Scott Reid

    Listing office ParaSell Inc

    Listing date Feb 17, 2026

    Source Crexi

    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 ParaSell Inc

    HighLights

    • Prime retail development opportunity on Pendleton Pike (30,000 VPD).
    • Direct frontage on the area's primary retail corridor.
    • Strategically located directly off I‑465 exit ramp.
    • Across the freeway from Menard’s.
    • Commercial zoning allows for a wide variety of uses (QSR, gas station, car wash, etc.).
    • Value‑add potential through existing retail strip center with short‑term leases.

    Overview

    This property presents a retail development opportunity with frontage on Pendleton Pike, which sees 30,000 vehicles per day. The existing retail strip center offers value-add potential through month-to-month and short-term leases. The commercial zoning allows for various uses, including quick-service restaurants, gas stations, car washes, and other retail concepts. The property is located off the I-465 exit ramp and across from a major home improvement retailer.

    Local Financial Insights For Specialty 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 $252.0k $21.00
    − Vacancy −$17.6k −$1.47
    EGI $234.4k $19.53
    − OpEx −$58.6k −$4.88
    NOI $175.8k $14.65
    12,000 SF · lease $21.00/SF/yr · vacancy 7.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $2.51M
    $2.20M – $2.93M (±1% cap)
    NOI $175,770 @ 7.0% cap · market cap 5.86%
    Second Best
    Retail
    $2.08M
    $1.82M – $2.43M (±1% cap)
    NOI $145,727 @ 7.0% cap · market cap 4.86%
    Theoretical Best
    Office A
    $3.15M
    $2.75M – $3.67M (±1% cap)
    NOI $220,320 @ 7.0% cap · market cap 7.34%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Meineke Car Care ... Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.038641
    Latitude
    39.8314338

    FAQs

    What type of property is this?
    Retail property - Retail development opportunity with high traffic and commercial zoning.
    Where is this retail property located?
    The property is located at 7352 Pendleton Pike Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Prime retail development opportunity on Pendleton Pike (30,000 VPD).; Direct frontage on the area's primary retail corridor.; Strategically located directly off I‑465 exit ramp.
    More about this property
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