5901 Thompson Rd Indianapolis, IN 46237
- Grocery and convenience stores
- 2.08 lot acres
Current Use by Public Records
- Grocery and convenience stores
Property Details for 5901 Thompson Rd
- Lot size
- 2.08 lot acres
- Zone code
- ZO01
- Property type
- Grocery and convenience stores
- APN
- 49-15-03-117-003.000-300
- APU
- 491503117003000300
Description
This newly constructed, 17,000 square foot commercial property in Indianapolis, Indiana, offers a unique pre-leasing opportunity. Located at 5901 E. Thompson Rd., at the southwest corner of E. Thompson Rd. and S. Arlington Ave. in Franklin Township, this single building boasts over 250 feet of frontage on E. Thompson Rd., providing excellent visibility and accessibility. The property is ideally situated for various uses, including medical offices, coworking spaces, creative offices, and executive suites, as well as retail options. Flexible suite sizes ranging from 3,500 to 17,000 square feet are available, allowing for customization to meet specific tenant needs. The building's strategic location benefits from convenient access to both E. Thompson Rd. and Arlington Ave., with an additional access road from Arlington Ave. enhancing north-south transit. This vibrant area is surrounded by established businesses, including CVS, Village Pantry, Dollar General, local restaurants, and medical/dental offices. Major retailers such as Kroger Marketplace, Walmart Supercenter, Lowe's, and VASA Fitness are also nearby, ensuring high foot traffic and a strong customer base. The property's proximity to Greenwood Park Mall and Franciscan Health Indianapolis further enhances its appeal. This location offers exceptional opportunities for businesses seeking a dynamic and thriving environment in a community-oriented retail hub, close to Emerson Ave. and I-465. The year of construction is 2025, and the property is in Marion County, with a zip code of 46237.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $230,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $340,000
- 6.5%
- $305,000
- 7%
- $320,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $330,000
- Geo Method
- $330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $270,000
- Retail
- $325,000
- Mixed-Use
- $300,000
- Hospitality
- $370,000
- Educational
- $370,000
- Residential Income
- $270,000
- Energy
- $355,000
- Income-Based Land
- $365,000
- Food Service
- $345,000
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.0648
- Latitude
- 39.6943
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
