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    8916 St Peter St Indianapolis, IN 46227

    Sponsored
    For Lease
    $15 SF/Yr ($1,750 /Mo)

    High-traffic retail space in prime location.

    Lot size:
    1,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 1,400 square foot retail space is located at 8916 S Saint Peter St, Indianapolis, IN 46227, in a Class B building within Marion County. The property is part of a locally owned and managed strip center boasting excellent visibility and high traffic counts exceeding 40,000 cars daily. Serving a trade area of 150,000 people, this location offers unparalleled access to a large consumer base. Its strategic position directly across from Greenwood Park Mall and adjacent to a busy car wash ensures consistent foot traffic and high visibility. A side street in front of the shops leads directly to a substantial apartment community, further enhancing the potential customer base. The entire 1,400 square feet is currently vacant and available for lease as a single unit. This presents a unique opportunity for businesses seeking a high-traffic, well-located retail space in a thriving Indianapolis neighborhood. The property offers multiple tenancy options, with the entire 1,400 square feet available.

    Property Features for 8916 St Peter St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,400 SF
    Class
    B
    Total Rate
    1750

    Unit(s) available at that property

    Space
    Available Retail
    Size
    1,400 SF
    Rate per SF
    $15
    Space
    Available End Cap
    Size
    4,400 SF
    Rate per SF
    $15

    HighLights

    • 1,400 SF retail space available for lease at 8916 S Saint Peter St, Indianapolis, IN 46227.
    • Located in a Class B building within a high‑traffic strip center, exceeding 40,000 cars daily, serving a 150,000‑person trade area.
    • Excellent visibility across from Greenwood Park Mall and adjacent to a car wash.
    • Base rent: $1,866.67 + $504.17 NNN.
    • NNN lease; immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.12255059
    Latitude
    39.63657721

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space in prime location.
    Where is this retail property located?
    The property is located at 8916 St Peter St Indianapolis, IN.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 1,400 SF retail space available for lease at 8916 S Saint Peter St, Indianapolis, IN 46227.; Located in a Class B building within a high-traffic strip center, exceeding 40,000 cars daily, serving a 150,000-person trade area.; Excellent visibility across from Greenwood Park Mall and adjacent to a car wash.
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    Indianapolis, IN 46227
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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
    8916 St Peter St Indianapolis, IN 46227
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