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Retail Space with Ballroom

8520 CASTLETON SQ DR, Indianapolis, IN 46250

For Lease
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A single-tenant building with C-4 zoning and event-oriented improvements sits beside Castleton Square Mall.

Space Size8,882 SF
Days on Market50

Property Features for 8520 CASTLETON SQ DR

General Information

Standard status Active
Size 8,882 SF
Net Rentable 8,882 SF
Total Parking Spaces 25
Property subtype Retail
Zoning C-4

Space & Availability

Available Space 8,882 SF
Contiguous Space 8,882 SF

Site & Location

Neighborhood Castleton

Amenities

turnkey event/ballroom infrastructure

Building Details

Building Size 8,882 SF
Tenancy Single

Spaces For Lease

at 8520 CASTLETON SQ DR
Space 1 Active
Size 8,882 SF
Contact us
Listing Agency: URBANSPACE USA
Listed By: Brian Epstein · License #IN
Source: Crexi
Added: Sep 21 Changed: Nov 8 Last Checked: Nov 8 at 5:56PM

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 URBANSPACE USA

Rey
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Investment Insights

Based on property information with market context.

This 8,882-square-foot, single-tenant retail building includes ballroom and event-venue infrastructure. Its C-4 zoning and stated adaptability support consideration for retail, restaurant, medical, or event venue use.

The property is directly adjacent to Castleton Square Mall. Surface parking provides 25 spaces.

Key Highlights

  • 8,882‑square‑foot single‑tenant building
  • Ballroom and event‑venue infrastructure
  • C‑4 zoning

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

REFeyeANCE IV Makeup ... Hair Salon Stephen's Interior Design ... Interior Design Picasso Event Venue ... Training Center Mendel Flooring Carpet & Flooring Store

Suggested Use

Top Pick HVAC Service Garden Center Veterinary Clinic (Bike/Boat/Book/etc) Store Big Box & Wholesale Store 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

Single-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,223
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Indianapolis, IN

$18.83 /SF/Yr
Avg Asking Price
$2.22–$36 /SF/Yr
Price Range
10,071 SF
Avg Space Size

Properties on Market for Retail space in Indianapolis

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Retail space - A single-tenant building with C-4 zoning and event-oriented improvements sits beside Castleton Square Mall.
Where is this retail space located?
The property is located at 8520 CASTLETON SQ DR Indianapolis, IN.
What are key features of this property?
This property features: 8,882‑square‑foot single‑tenant building; Ballroom and event‑venue infrastructure; C‑4 zoning
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