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    Emerson Ave Indianapolis, IN 46237

    Sponsored
    For Lease
    Contact for pricing

    Indianapolis Retail Land, Multiple Spaces

    Lot size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Heeringa Farms presents a unique retail investment opportunity in Indianapolis, Indiana. This vibrant, mixed-use development, located on Emerson Ave, zip code 46237, offers multiple retail spaces available for lease within a thriving community. The property is zoned Commercial C-3, providing flexibility for a variety of commercial uses. The available land parcels range from 1.14 to 2.15 acres, totaling 5.75 acres across the entire development. The existing building has a total of 1 square foot, with 1 square foot currently vacant. Heeringa Farms is strategically positioned within a "Surban" environment, combining suburban tranquility with urban amenities. The development boasts a diverse mix of uses, including multifamily apartments, residential townhomes, restaurants, entertainment venues, medical/office spaces, and childcare facilities, creating a high-traffic, high-visibility location for your business. This presents a compelling opportunity to establish a presence in a rapidly growing area with a strong demographic profile. The Marion County location offers excellent access to major transportation routes and a robust local economy. This is an exceptional chance to secure a prime retail space in a dynamic and well-established mixed-use development.

    Property Features for 0 Emerson Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF

    Unit(s) available at that property

    Space
    Outparcel 2
    Size
    0 SF
    Space
    Outparcel 3
    Size
    0 SF
    Space
    Outparcel 4
    Size
    0 SF
    Space
    Outparcel 1
    Size
    0 SF

    HighLights

    • Excellent location surrounded by national retailers such as Kroger, Target, Home Depot, Lowe's, Walmart, Meijer's, and Menard's.
    • Highly accessible location, approximately one mile from I‑465 and I‑65.
    • Offers three convenient access points from Emerson Avenue, including a signalized intersection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0824902
    Latitude
    39.6806382

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    FAQs

    What type of property is this?
    Restaurant - Indianapolis Retail Land, Multiple Spaces
    Where is this restaurant located?
    The property is located at Emerson Ave Indianapolis, IN.
    What are key features of this property?
    This property features: Excellent location surrounded by national retailers such as Kroger, Target, Home Depot, Lowe's, Walmart, Meijer's, and Menard's.; Highly accessible location, approximately one mile from I-465 and I-65.; Offers three convenient access points from Emerson Avenue, including a signalized intersection.
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    Emerson Ave Indianapolis, IN 46237
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    Indianapolis, IN 46237
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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
    Emerson Ave Indianapolis, IN 46237
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