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Property profile

5325 E Southport Rd Indianapolis, IN 46237

Grocery and convenience stores
Property ID
US31-0739304
View Sample
2,660 SF 26.42 ac lot Built 1996
Entity Owned 7-yr Hold Absentee Owner Free & Clear
5325 E Southport Rd, Indianapolis, IN 46237 For Lease
Contact for pricing
5325 E Southport Rd, Indianapolis, IN 46237
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Property summary

AI-generated overview

This exceptional retail leasing opportunity is located inside high-traffic Meijer stores across the Midwest. These prime, front-of-store spaces offer unparalleled visibility and access to thousands of weekly customers. The "Store-Within-A-Store" concept provides a range of benefits, including high-traffic locations strategically placed for maximum customer interaction. Leasing includes an all-inclusive monthly fee covering real estate taxes, property insurance, common area maintenance, and utilities. Interior and exterior signage opportunities are available for enhanced brand exposure. These spaces are situated in thriving trade areas with desirable demographics. Multiple vacancies exist in various Midwest Meijer locations. Ideal for businesses such as financial institutions, food and beverage vendors, service businesses, health and wellness providers, and more. This is a unique opportunity to position your business within one of the Midwest's most recognizable retail destinations. The available space totals 512 square feet and is located in Marion County. The tenancy is multiple. The property type is retail.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1996
Construction TYPE NOT SPECIFIED
Total area 2,660 SF
Lot 26.42 ac (1,150,851 SF)
Zoning code ZO01
APN 49-15-15-102-009.000-300
UPID US31-0739304

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Specialty Food Shop Supermarket
  • Bank Credit Union
  • Pharmacy
  • Atm
  • Bicycle Rack

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2019
3 recorded transactions
2019
Price N/A
2019
Price N/A
2010
Price N/A

Zoning & alternative use

ZO01 · Indianapolis, IN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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