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Property profile & analytics

4875 56th St Indianapolis, IN 46254-1499

  • Strip malls
  • 10,200 SF
  • 1.02 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US31-0629150
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Famous Steak & Lemonade / Chicken Restaurant / Steak House
  • Tobacco World 56th / Tobacco Shop
  • Bank of America ATM / Atm
  • PROSTAR / Temp Agency
  • Georgetown Shoppes / Shopping Mall

Property Details for 4875 56th St

Year built
2004
Construction
CONCRETE
Lot size
1.02 lot acres
Property size
10,200 SF
Zone code
ZO01
Property type
Strip malls
Property subtype
Neighborhood centers
APN
49-06-07-125-016.000-600
APU
490607125016000600

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Indianapolis
County
Marion
State
Indiana
Longitude
-86.2431
Latitude
39.8528
CBSA code
26900
CBSA name
INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$25,814
$147,200
$959,400
$1,106,600
-
$147,200
$959,400
$1,106,600
More about this property
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