Retail Center with Ground Lease
For Lease
Contact for pricing
Pending
8603 S Emerson Ave, Indianapolis, IN 46237
Newly completed neighborhood retail center featuring two twin small shop buildings and a ground-lease outlot for BTS development.
Space Size1,826 SF
Lot Size1.10 Acres
Days on Market318
Property Features for 8603 S Emerson Ave
General Information
Standard status
Pending
Size
1,826 SF
Lot size
1.10 Acres
Property subtype
RETAIL
Site & Location
Neighborhood
South Franklin
Traffic Count
63,000 vehicles/day
Spaces For Lease
at 8603 S Emerson Ave
8603 S Emerson Ave
PENDING, Now
Floor
1
Size
1,826 SF
Type
RETAIL
Rate
Contact for pricing
Sublease
No
- New construction neighborhood retail center 100% complete!
- 1.1 AC (net) outlot available for ground lease of BTS along Emerson Ave
- Two (2) ‘Twin’ small shop buildings with flexible suite sizes
- Anchor pad with highway visibility (I-65); ideal for entertainment, hotel, multi-family, automotive and more
- Over 63,000 + CPD at high-volume intersection of Emerson Ave & County Line Rd.
- Heavy daytime population driven by Kroger Marketplace, Franciscan Health, Walmart Supercenter, Costco, Floor & Decor and more
Contact us
Listing Agency:
Veritas Realty
(317) 472-1800
Listed By:
Andrew Demaree · License #RB16000417
(317) 737-2880
Source:
Moodyscre
Added: Dec 15, 2025
Changed: Oct 25
Last Checked: Oct 28 at 9:52AM
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 Veritas Realty
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Investment Insights
Based on property information with market context.
A newly constructed neighborhood retail center is 100% complete and ready for occupancy. The property includes two “twin” small shop buildings designed for flexible suite sizes, along with a 1.1-acre (net) outlot available for a ground lease built-to-suit.
An anchor pad with highway visibility along I-65 is also available, supporting a range of commercial concepts on a site with visibility to a high-volume corridor. The surrounding area is supported by high daytime population demand, with major retailers and employers including Kroger Marketplace, Franciscan Health, Walmart Supercenter, Costco, and Floor & Decor. The Emerson Ave and County Line Rd intersection is listed at over 63,000+ CPD.
This offering provides multiple development and tenancy configurations through the twin shop buildings, the BTS outlot, and the anchor pad, all within a completed retail development footprint.
An anchor pad with highway visibility along I-65 is also available, supporting a range of commercial concepts on a site with visibility to a high-volume corridor. The surrounding area is supported by high daytime population demand, with major retailers and employers including Kroger Marketplace, Franciscan Health, Walmart Supercenter, Costco, and Floor & Decor. The Emerson Ave and County Line Rd intersection is listed at over 63,000+ CPD.
This offering provides multiple development and tenancy configurations through the twin shop buildings, the BTS outlot, and the anchor pad, all within a completed retail development footprint.
Key Highlights
- Newly completed neighborhood retail center with two ‘twin’ small shop buildings and flexible suite sizes
- 1.1 AC (net) outlot available for BTS ground lease along Emerson Ave
- Anchor pad with highway visibility on I‑65, suitable for entertainment, hotel, multi‑family, automotive, and more
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
63,000 VPD
Traffic count
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
763
Businesses Nearby
471k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 56%
Dining 22%
Shops & Services 20%
Hotels & Casinos 1%
Walmart
Superstores
138,414 visits/mo
0.4 miles
Costco Wholesale
Superstores
123,551 visits/mo
0.4 miles
Costco Gasoline
Shops & Services
44,124 visits/mo
0.4 miles
SONIC Drive In
Dining
31,927 visits/mo
0.3 miles
Culver's
Dining
21,168 visits/mo
0.5 miles
Demographics for 46237, IN
44,378
Population
17,660
Households
2.5
Avg Household Size
36
Median Age
34%
College-Educated
89%
High-School Grad
14.7 sq mi
ZIP Area
3,019
Density / Sq Mi
$76,676
Median Household Income
$47,742
Median Earnings
$1,272
Median Rent
$216,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Indianapolis, IN
Similar Off Market Nearby
- Emerson Pointe — 997 E County Line Rd, Greenwood, IN 46143
- Greenwood Springs Shopping Center — 1279 N Emerson Ave, Greenwood, IN 46143
- Coinstar Kiosk | Bitcoin ATM — Kroger - Central, 8745 S Emerson Ave, Indianapolis, IN 46237
Frequently Asked Questions
What type of property is this?
Shopping center - Newly completed neighborhood retail center featuring two twin small shop buildings and a ground-lease outlot for BTS development.
Where is this shopping center located?
The property is located at 8603 S Emerson Ave Indianapolis, IN.
What are key features of this property?
This property features: Newly completed neighborhood retail center with two ‘twin’ small shop buildings and flexible suite sizes; 1.1 AC (net) outlot available for BTS ground lease along Emerson Ave; Anchor pad with highway visibility on I‑65, suitable for entertainment, hotel, multi‑family, automotive, and more
