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Property profile & analytics
OFF-MARKET Estimated value $680,000
Strip malls

5510 Lafayette Rd Indianapolis, IN 46254-1685

26,832 SF 4.63 ac lot Built 1999
Entity Owned 6-yr Hold Free & Clear
Property ID
US31-0563777
Property summary
AI-generated overview

Eagle Creek Plaza, a 3,600 square foot retail shopping center in Indianapolis, Indiana, presents a fantastic opportunity for businesses seeking high-visibility space. Located at 5510 Lafayette Road in Marion County, this property boasts excellent accessibility, situated conveniently between I-465 and I-65 exits, ensuring strong traffic flow and high consumer visibility. The entire 3,600 square feet is currently vacant, offering a unique chance for a single tenant to occupy the entire space or for multiple tenants to lease portions. The minimum divisible space is 1,200 square feet, while the maximum contiguous space available is 2,400 square feet, providing flexibility for various business needs and sizes. This prime location in the 46254 zip code offers exceptional exposure to a large customer base. The property's strategic placement ensures easy access for customers and employees alike, making it an ideal location for a variety of retail businesses. This is a rare opportunity to secure a well-located, sizable retail space in a high-traffic area of Indianapolis. Contact us today to learn more about leasing options and to schedule a viewing.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1999
Construction TYPE NOT SPECIFIED
Total area 26,832 SF
Lot 4.63 ac (201,547 SF)
Zoning code ZO01
APN 49-05-12-127-010.000-600
UPID US31-0563777
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
  • Puerto Vallarta Restaurant Restaurant
  • Kursatyle Barber Barber Shop
  • Edward Jones Financial Advisor
  • Jersi Shore Barber & Beauty Salon Barber Shop
  • ATM Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$535k
CAP Approach CAP
by Request
Comparable Approach Comparable
$824k
Blend (final) Blend
$680k
Owner & transaction history
Eagle Creek II Baceline LLC · 6 yrs held
Eagle Creek II Baceline LLC
since 2019
6 recorded transactions
2019
$4.2M
2005
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.0M +75.7%
Retail stores $805,000 +41.3%
Industrial (general) $785,000 +37.3%
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