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Property profile & analytics
OFF-MARKET Estimated value $1,550,000
Strip malls

7565 Us 31 Indianapolis, IN 46227-8543

84,966 SF 6.5 ac lot Built 1999
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US31-0994115
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1999
Construction TYPE NOT SPECIFIED
Total area 84,966 SF
Lot 6.5 ac (283,141 SF)
Zoning code ZO01
APN 49-14-13-116-012.000-500
UPID US31-0994115
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
  • Bob’s Discount Furniture and Mattress Store Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.55M
Owner & transaction history
Brand Southport LLC · 11 yrs held
Brand Southport LLC
since 2014
3 recorded transactions
2026
Price N/A
2014
Price N/A
2007
Price N/A
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $2.5M +31.5%
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