4930 Lafayette Rd Indianapolis, IN 46254-1959
- Strip malls
- 30,178 SF
- 3.18 lot acres
Current Use by Public Records
- Chapati / Indian Restaurant / Middle Eastern Restaurant
- Aqui Es Jalisco #2 / Taco Restaurant / Mexican Restaurant
- Shani’s Secret Chicken / Halal Restaurant / Indian Restaurant
- Indy Vapor Shop / Vaporizer Store
- Eagle Creek Liquors / Liquor Store
Property Details for 4930 Lafayette Rd
- Year built
- 2007
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 3.18 lot acres
- Property size
- 30,178 SF
- Zone code
- ZO01
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 49-05-12-129-024.000-600
- APU
- 490512129024000600
Description
Eagle Creek Shoppes presents a unique retail investment opportunity. This single-story, 29,380 square foot shopping center is situated on a 1.87-acre lot and boasts a prime location with excellent visibility from I-65. Currently, 2,500 square feet of space is available, with a minimum divisible unit size of 2,500 square feet and a maximum contiguous space of 2,500 square feet. The property is zoned C4, and its APN is 49-05-12-129-024.000-600. Previously hampered by poor access, recent improvements have significantly enhanced the center's appeal. These improvements include the installation of a new traffic signal directly in front of the property, dramatically increasing visibility and accessibility. A new pylon sign has also been erected along Lafayette Road, further enhancing the center's presence. Adding to the property's attractiveness, a Tim Horton's restaurant is slated to open soon, bringing increased foot traffic and brand recognition to the center. This represents a rare chance to acquire a well-positioned retail property with significant upside potential, benefiting from recent strategic improvements and the imminent arrival of a major tenant. The property is under local ownership for the first time in many years, presenting a unique opportunity for a new owner to shape its future.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $555,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $578,000
Market price range: $531k - $927k -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $640,000 Current use
- RETAIL STORES
- $905,000 Change: +41% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $880,000 Change: +37% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.2543
- Latitude
- 39.8427
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA