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Property profile & analytics
OFF-MARKET
Retail space

6111 Emerson Ave Indianapolis, IN 46237

3,000 SF 1.23 ac lot
Property ID
US31-1273780
Property summary
AI-generated overview

This exceptional 3,000 square foot property, situated on a 1.23-acre lot in Indianapolis, Indiana, presents a unique investment opportunity. The single-story building, currently vacant, offers versatile zoning (DA, C4) allowing for a variety of commercial uses. Previously used as a residential dwelling with three bedrooms and two bathrooms, the existing structure is adaptable for retail, office, salon, daycare, lawn care, or nursery businesses. The property boasts approximately 175 feet of frontage on Emerson Avenue, near the intersection of Emerson Ave and Edgewood. Its prime location provides convenient access to I-65 and I-465, within a five-minute drive. A newly constructed gas station is adjacent to the property, and a future residential development is planned across the street, promising increased foot traffic and visibility. The ample land offers significant expansion potential. This is an ideal location for businesses seeking high visibility and convenient access to major transportation arteries. The Marion County address is 6111 S Emerson Ave, Indianapolis, IN 46237.

Property profile
Verified
Property type Retail space
Total area 3,000 SF
Lot 1.23 ac (53,579 SF)
UPID US31-1273780
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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