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Property profile & analytics
OFF-MARKET
Strip malls

3850 Emerson Ave Beech Grove, IN 46107

11,968 SF 1.18 ac lot Built 1992
Trust Owned 16-yr Hold Absentee Owner Free & Clear
Property ID
US31-0935419
Property summary
AI-generated overview

This 1,273 square foot retail space, located at 3850 S Emerson Ave in Indianapolis, Indiana (zip code 46203), presents a fantastic opportunity for a single-tenant business. Situated in Marion County, this property boasts excellent visibility due to its location at a signalized intersection on Emerson Avenue, benefiting from a high traffic count of 34,480 ADT. The property's strategic location offers easy access to I-465, ensuring convenient access for customers and employees. Furthermore, its proximity to Beech Grove High School, with its student population exceeding 1,000, provides a substantial potential customer base. The property is classified as retail with an office space subtype. This single-tenant space is ideal for a business seeking high visibility and convenient access to major roadways and a strong local demographic. The property is ready for immediate occupancy. Interested parties should inquire for further details and lease terms.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1992
Construction WOOD
Total area 11,968 SF
Lot 1.18 ac (51,291 SF)
Zoning code ZO01
APN 49-10-28-109-003.000-502
UPID US31-0935419
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
Current use
Occupant on record · Public records
  • Community Physician Network Family Medicine Care Physician
  • HireQuest Direct of Indianapolis South Employment Agency
  • Liberty Tax Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Johnson Ford 2009 Living Trust · 16 yrs held
Johnson Ford 2009 Living Trust
since 2010
5 recorded transactions
2022
Price N/A
2016
Price N/A
2010
Price N/A
2007
Price N/A
1969
Price N/A
Zoning & alternative use
ZO01 · Beech Grove, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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