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    5943 East St Indianapolis, IN 46227

    For Lease
    Contact for pricing

    1,893 SF Retail Space Available

    Lot size:
    1,893 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1,893 square foot retail space, formerly occupied by Old National Bank, is ideally located at 5943 S East St in Indianapolis, Indiana, within Marion County (zip code 46227). The entire building is available for lease, presenting a unique opportunity for a single tenant to occupy this prominent location. The property is classified as retail commercial space with multiple tenancy potential, although currently, only one suite is available. The building's total square footage is 1,893 square feet, with all of it currently vacant and ready for immediate occupancy. This presents a blank canvas for a business seeking a high-visibility location in a well-established area. The property's address is easily accessible and benefits from high traffic volume, making it an attractive proposition for businesses seeking maximum exposure. The building's history as a bank suggests a solid foundation and potentially desirable structural features. Interested parties are encouraged to conduct their own due diligence to assess the suitability of the property for their specific business needs. This is a rare opportunity to secure a substantial retail space in a desirable Indianapolis location. Contact us today to schedule a viewing.

    Property Features for 5943 East St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,893 SF

    Unit(s) available at that property

    Space
    Unit 001
    Size
    1,893 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Starbucks Internet Cafe

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -86.1485059
    Latitude
    39.6795626

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    FAQs

    What type of property is this?
    Retail property - 1,893 SF Retail Space Available
    Where is this retail property located?
    The property is located at 5943 East St Indianapolis, IN.
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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
    5943 East St Indianapolis, IN 46227
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