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Mix Use Development Opportunity
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Emerson Avenue, Indianapolis, IN 46237

Surban mix use development featuring multiple property types.

Space SizeContact for details
Property Size1 SF
Days on Market1362

Property Features for Emerson Avenue

General Information

Standard status Active
Size 1 SF
Property subtype Retail, Land

Building Details

Building Size 1 SF
Tenancy Multiple

Spaces For Lease

at Emerson Avenue Contact us

Outparcel 1

Type
Land
Availability
Active
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Outparcel 2

Type
Land
Availability
Active
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Outparcel 3

Type
Land
Availability
Active
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Outparcel 4

Type
Land
Availability
Active
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Listing Agency: RealtyLink
Listed By: Haydrian Lewis · License #SC 111765
Source: Crexi
Added: Dec 5, 2022 Changed: Aug 23 Last Checked: Aug 26 at 2:05PM

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 RealtyLink

Investment Insights

Based on property information with market context.

Heeringa Farms is a "Surban" mix use development located in Southeast Indianapolis, approximately 7 miles from Downtown in Perry Township. The development is planned to include multifamily apartments, residential townhomes, restaurants, entertainment venues, medical and office spaces, and childcare facilities. It is positioned to benefit from an established community with 27 local schools between Perry and Franklin Township. The location offers proximity to shopping and restaurants, as well as live entertainment options. Notable nearby locations include Greenwood Park Mall, Gainbridge Fieldhouse, Lucas Oil Stadium, and the Indianapolis Motor Speedway, with convenient access to downtown Indianapolis.

Key Highlights

  • Mixed‑use development featuring a blend of residential options (apartments, townhomes) and commercial spaces (restaurants, entertainment, medical/office, childcare).
  • Conveniently located in Southeast Indianapolis, just 7 miles from Downtown.
  • Situated in the established Perry Township community, offering access to 27 local schools.

Property Analytics

Current Use

Commercial land

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

462
Businesses Nearby

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

Market

Vacancy Rate% for Office in Indianapolis, IN

17.4% 2019
17.8% 2020
19.1% 2021
19.3% 2022
22.2% 2023
22.8% 2024
21.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Surban mix use development featuring multiple property types.
Where is this commercial land located?
The property is located at Emerson Avenue Indianapolis, IN.
What are key features of this property?
This property features: Mixed‑use development featuring a blend of residential options (apartments, townhomes) and commercial spaces (restaurants, entertainment, medical/office, childcare).; Conveniently located in Southeast Indianapolis, just 7 miles from Downtown.; Situated in the established Perry Township community, offering access to 27 local schools.
(843) 696-2228 Call to check price and availability
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