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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

990 Mitthoeffer Rd Indianapolis, IN 46239

10,000 SF 1.5 ac lot Built 1981
Property ID
Property summary
AI-generated overview

This exceptional 10,000 square foot retail center, located at the signalized corner of 10th & Mitthoeffer, offers immediate occupancy in a thriving commercial area. The property boasts a prime location with nearly 40,000 cars passing daily, and benefits from a strong three-mile radius with an average household income of $65,000. The center features a dominant pylon sign and is anchored by established businesses including 21st Century Dental (a Heartland Dental unit with over 1,400 dentists nationwide), Dr. Tavel Family Eyecare (operating 26 offices in Indiana), and a recently opened Immediate Care center. The property is situated near a 1.5 million square foot Simon-owned Washington Square Mall, a regional shopping district, and a 14-screen Kerasotes Theater, ensuring high visibility and consistent foot traffic. Available spaces range from 1,250 to 2,500 contiguous square feet, with flexible options for expansion. Additionally, a half-acre outlot with corner access is available for lease or a custom build-to-suit, potentially adding up to 5,000 square feet with its own pylon sign. Future expansion opportunities exist with an adjacent 1.5 to 2 acres of land. The single-story building, constructed in 1981, sits on a 1.5-acre lot and is zoned C3. This property presents a unique opportunity for businesses seeking high visibility and a strong customer base in a well-established commercial area. The property is comprised of eight suites in total.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1981
Total area 10,000 SF
Lot 1.5 ac (65,340 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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