You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Strip malls

4875 56th St Indianapolis, IN 46254-1499

10,200 SF 1.02 ac lot Built 2004
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US31-0629150
Property summary
AI-generated overview

Georgetown Commons offers a prime retail opportunity in a thriving Marion County location. This Class A, single-story, 10,200 square foot strip center, built in 2004, boasts excellent visibility and accessibility at the intersection of 56th Street and Georgetown Road. The property is zoned C-3 and features eight suites, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 1,200 square feet. Currently, one 1,200 square foot space is available for lease. This unit includes a private bathroom and a private back room, providing ample space for a variety of retail businesses. The center enjoys high traffic counts due to its strategic location near major retailers such as AutoZone, Walgreens, CVS, Chase Bank, PNC Bank, Wingstop, McDonald's, and Burger King, ensuring strong customer visibility and foot traffic. The property is owner-managed, offering a streamlined and responsive management experience. This is an exceptional opportunity for a retailer seeking a well-located, high-visibility space in a busy commercial area. The space is ready for immediate occupancy.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2004
Construction CONCRETE
Total area 10,200 SF
Lot 1.02 ac (44,605 SF)
Zoning code ZO01
APN 49-06-07-125-016.000-600
UPID US31-0629150
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
  • Famous Steak & Lemonade Restaurant
  • Tobacco World 56th (Bike/Boat/Book/etc) Store
  • Bank of America ATM Atm
  • PROSTAR Employment Agency
  • Georgetown Shoppes Shopping Center & Mall
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
West Tenth Street LLC · 7 yrs held
West Tenth Street LLC
since 2018
7 recorded transactions
2018
Price N/A
2017
Price N/A
2016
Price N/A
2014
Price N/A
2013
$600,000
2011
$315,000
1969
Price N/A
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4875 56th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message