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Property profile & analytics
FOR SALE
Strip malls

5868 East 71St St Indianapolis, IN 46220

21,550 SF 3.17 ac lot Built 1975
Entity Owned 17-yr Hold ~ Est. High Equity
Property ID
US31-3371470
Property summary
AI-generated overview

This exceptional 2,407-square-foot retail space is located within the Binford Shoppes, a thriving shopping center in Indianapolis, Indiana. Situated at 5868 E 71st St, zip code 46220, this single-tenant property offers a fantastic opportunity for businesses seeking high visibility and foot traffic. The center boasts a strong anchor tenant, Kroger, ensuring consistent customer flow and a vibrant shopping environment. The property is ideally suited for a variety of retail or restaurant uses, providing ample space for a diverse range of businesses. Its convenient location in Indianapolis offers easy access to major roadways and a dense residential population, guaranteeing a substantial customer base. This last remaining vacancy presents a unique chance to establish a presence in a well-established and successful shopping center. The property's size and layout are highly adaptable, allowing for customization to meet specific business needs. Interested parties are encouraged to inquire for further details and to schedule a viewing of this exceptional retail opportunity. The property is located at 39.88418929953345 latitude and -86.06684837278503 longitude.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1975
Construction TYPE NOT SPECIFIED
Total area 21,550 SF
Lot 3.17 ac (138,085 SF)
Zoning code ZO01
APN 49-02-27-125-011.000-400
UPID US31-3371470
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
  • Moonflower Marketing Marketing & Advertising Advertising Agency
  • Golden’s Fish & Chicken LLC Restaurant Take-out & Catering
  • Circle City Software Solutions (Bike/Boat/Book/etc) Store Corporate Office
  • Hans Confer Insurance Agency
  • Advance Look Building Inspctn Home Inspector
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$495k
CAP Approach CAP
by Request
Comparable Approach Comparable
$830k
Blend (final) Blend
$665k
Owner & transaction history
LP I Kroger · 17 yrs held
LP I Kroger
since 2008
2 recorded transactions
2008
Price N/A
2007
Price N/A
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.1M +67.5%
Commercial (general) $880,000 +38.1%
Medical building $855,000 +34.5%
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More about this property
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