Technical
Financial
Distress signals
Property profile

7565 Us 31 S Indianapolis, IN 46227

FOR LEASE
Strip malls
Property ID
US31-0994115
84,966 SF 6.5 ac lot Built 1999
Entity Owned 11-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Furniture & Home Goods Home Decor Store

Location

7565 Us 31 S Indianapolis, IN 46227
Indianapolis metro Census 381102 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2014
3 recorded transactions
2026
Price N/A
2014
Price N/A
2007
Price N/A

Zoning & alternative use

ZO01 · Indianapolis, IN
Top alternative use upside
Medical building $2.5M +31.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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