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Property profile

4540 Shadeland Ave Indianapolis, IN 46226

OFF-MARKET
Grocery and convenience stores
Property ID
US31-0474590
45,402 SF 5.09 ac lot Built 1972
Last sale Jun 2017 · $1,470,000
Individually Owned Owner of record is an individual. 9-yr Hold Held for 9 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This 45,000 square foot shopping center in Indianapolis, Indiana, presents a compelling value-add opportunity. The property, built in 1961 and renovated in 2005, sits on a 5.3-acre lot at 4540 Shadeland Ave, 46226, boasting a prime location with excellent visibility and access. Currently 100% occupied by 11 tenants, including a Family Dollar anchoring approximately 22.05% of the gross leasable area (GLA), the center benefits from a diverse tenant mix of e-commerce resistant businesses such as…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$34k
Tax billed · 2023
Assessed value$1.25M
Assessed land$476k
Assessed improvement$773k
Effective rate2.74%

Value estimate

· Nov 2026
$700k
$630k – $770k
Submarket $/SF estimate$1.61M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$75/SF
Submarket average, outlier-cleaned · 102 recorded sales of this use type
Observed band · Q1–Q3$33 – $119

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
ZO01
JurisdictionMARION

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency34.2
Law Firm29.5
Dental Office25.6

Location

4540 Shadeland Ave Indianapolis, IN 46226-3835
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5101 Post, Indianapolis, IN 46226-4169 $30,000 Sep 2023 4,405 SF
7968 Pendleton, Indianapolis, IN 46226-3957 $157,000 Jan 2021 2,592 SF
8501 Pendleton, Indianapolis, IN 46226-6601 $150,000 Sep 2020 3,750 SF
5510 Emerson, Indianapolis, IN 46226-1409 $775,000 Aug 2020 4,288 SF
7272 Pendleton, Indianapolis, IN 46226-5166 $475,000 Oct 2019 12,500 SF
3675 Post, Indianapolis, IN 46226-6062 $246,000 Feb 2019 7,135 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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