Listing Agency: CBRE | Indianapolis d***@cbre.com Show Phone

Listed By: Diana Zagarzhevskiy · License #RB20001523 Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Jul 6 Last Checked: Aug 4 at 8:11AM

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Investment Insights

Based on property information with market context.

This retail space is located in a shopping center with 91,034 square feet of retail area. The property is an outlot to Castleton Square Mall, which is described as Indianapolis’ Premier Regional Mall. The location is near Fishers to the northeast, Carmel to the northwest, and Lawrence to the southeast. The available space measures 13,033 square feet.

Key Highlights

• Outlot to Castleton Square Mall, Indianapolis’ Premier Regional Mall
• Boasting 91,034 square feet of retail space
• Location within the Castleton Square shopping center

Property Analytics

Property Profile

Current Use

Ronald & Sons Electricians Electrical Service ATM Atm

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply HVAC Service Garden Center Storage Facility Gym & Fitness Center

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

Location Intelligence

Trade Area within ½ mile

1,312

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 46250, IN

19,156

Population

9,815

Households

2

Avg Household Size

35

Median Age

53%

College-Educated

96%

High-School Grad

7.7 sq mi

ZIP Area

2,488

Density / Sq Mi

$69,591

Median Household Income

$45,696

Median Earnings

$1,293

Median Rent

$288,900

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

Questions? Ask Rey

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Similar Off Market Nearby

• Castleton Point Shopping Center — 5305-5469 E 82nd St, Indianapolis, IN 46250
• Castleton Square Mall South Entrance — Unnamed Road, Indianapolis, IN 46250
• Clearwater Springs Shopping Center — 4901 82nd St, Indianapolis, IN 46250
• Castleton Shoppes Shopping Center — 6024-6066 82nd St, Indianapolis, IN 46250
• Castleton Crossing — 5520 82nd St, Indianapolis, IN 46250

Frequently Asked Questions

What type of property is this?

Shopping center - Retail space available in Indianapolis near Castleton Square Mall.

Where is this shopping center located?

The property is located at 8440 Castleton Corner Drive Indianapolis, IN.

What are key features of this property?

This property features: Outlot to Castleton Square Mall, Indianapolis’ Premier Regional Mall; Boasting 91,034 square feet of retail space; Location within the Castleton Square shopping center