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    4947 Emerson Ave Indianapolis, IN 46203

    For Lease
    Contact for pricing

    Indianapolis retail space, 2 units available.

    Lot size:
    40,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    Emerson Place Shoppes offers exceptional retail space in a thriving Indianapolis neighborhood shopping center. This prime location at 4947 S Emerson Ave, Indianapolis, IN 46203, boasts a total of 40,000 square feet of retail space. Currently, there are two available units, each offering flexibility in size. Units range from a minimum of 1,300 square feet to a maximum contiguous space of 1,500 square feet, providing ample room for a variety of retail businesses. A total of 2,800 square feet is currently vacant and ready for immediate occupancy. The property is situated in Marion County, offering convenient access to a substantial customer base in the southside Indianapolis area. This is an excellent opportunity for businesses seeking high visibility and strong foot traffic in a well-established shopping center. The property's location provides easy access for customers and employees alike. The available space presents a unique chance to establish or expand a retail presence in a dynamic and growing market. Don't miss this chance to secure your place in this successful shopping center. Contact us today to learn more about leasing opportunities and explore the potential of Emerson Place Shoppes.

    Property Features for 4947 Emerson Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,000 SF

    Unit(s) available at that property

    Space
    Unit 4971
    Size
    1,300 SF
    Space
    4947
    Size
    1,300 SF

    HighLights

    • 1,300 square feet of retail space available.
    • Located 0.5 miles south of I‑465 and the Emerson Avenue (Beech Grove) exit.
    • Situated between Walmart and a new Kroger Marketplace.
    • High traffic counts exceeding 58,000 vehicles per day.
    • Easy access from Emerson Avenue and Thompson Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dragon Smoke & Vape ... Vaporizer Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0812526
    Latitude
    39.6953245

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    FAQs

    What type of property is this?
    Retail property - Indianapolis retail space, 2 units available.
    Where is this retail property located?
    The property is located at 4947 Emerson Ave Indianapolis, IN.
    What are key features of this property?
    This property features: 1,300 square feet of retail space available.; Located 0.5 miles south of I-465 and the Emerson Avenue (Beech Grove) exit.; Situated between Walmart and a new Kroger Marketplace.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4947 Emerson Ave Indianapolis, IN 46203
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