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Property profile & analytics

7565 Us 31 Indianapolis, IN 46227-8543

  • Strip malls
  • 84,966 SF
  • 6.50 lot acres
OFF-MARKET
Value Estimations
$1,550,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US31-0994115
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Bob’s Discount Furniture and Mattress Store / Furniture Store / Bedroom Furniture Store

Property Details for 7565 Us 31

Year built
1999
Construction
TYPE NOT SPECIFIED
Lot size
6.50 lot acres
Property size
84,966 SF
Zone code
ZO01
Property type
Strip malls
Property subtype
Neighborhood centers
APN
49-14-13-116-012.000-500
APU
491413116012000500

Description

Southport Plaza offers a prime retail opportunity in Indianapolis, Indiana, with 6,400 square feet of vacant space. This multi-tenant shopping center is strategically located at 7565 US 31 S, in Marion County, zip code 46227, providing excellent visibility and accessibility. The property boasts multiple access points to both US 31 and Shelby Street, ensuring high traffic flow. This location benefits from a strong trade area encompassing Southport, Greenwood, and Indianapolis, drawing customers from a wide geographic area. The property enjoys a robust mix of co-tenants, including established retailers such as Bob's Discount Furniture, Shoe Carnival, Petco, and Leslie's Pool Supplies. The surrounding area features a dense concentration of major retailers, including Wal-Mart Supercenter, Burlington Coat Factory, At Home, Room Place, Fresh Thyme Farmers Market, Hobby Lobby, Michael's, TJ Maxx, ULTA, Dick's Sporting Goods, Macy's, JCPenney, Best Buy, and Kohl's, creating a synergistic retail environment. The high traffic count of 71,846 vehicles daily on US 31 and Shelby Street provides exceptional exposure for potential tenants. This last remaining space of 6,152 square feet presents a unique opportunity to establish a thriving business within a well-established and successful retail center.


Value Estimations

based on Realmo’s proprietary methodology
  • Alternative Use

    Use
    Estimation
    NEIGHBORHOOD: SHOPPING CENTER
    $1,915,000
    Current use
    MEDICAL BUILDING
    $2,520,000
    Change: +31% Conversion: Difficult

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Indianapolis
County
Marion
State
Indiana
Longitude
-86.1404
Latitude
39.6564
CBSA code
26900
CBSA name
INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$175,198
$2,669,800
$3,600,700
$6,270,500
-
$2,669,800
$3,600,700
$6,270,500
More about this property
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