3850 Emerson AveBeech Grove, IN 46203

Property Details for 3850 Emerson Ave

Year built

1992

Construction

WOOD

Lot size

1.18 AC

Property size (Sq ft)

11,968 SF

Zone code

ZO01

Property type

Retail properties

Property subtype

Strip malls

APN

49-10-28-109-003.000-502

APU

491028109003000502

Description

This 1,273 square foot retail space, located at 3850 S Emerson Ave in Indianapolis, Indiana (zip code 46203), presents a fantastic opportunity for a single-tenant business. Situated in Marion County, this property boasts excellent visibility due to its location at a signalized intersection on Emerson Avenue, benefiting from a high traffic count of 34,480 ADT. The property's strategic location offers easy access to I-465, ensuring convenient access for customers and employees. Furthermore, its proximity to Beech Grove High School, with its student population exceeding 1,000, provides a substantial potential customer base. The property is classified as retail with an office space subtype. This single-tenant space is ideal for a business seeking high visibility and convenient access to major roadways and a strong local demographic. The property is ready for immediate occupancy. Interested parties should inquire for further details and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $2,286,344

  6.5%

  $2,110,471

  7%

  $1,959,723

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,840,741

  Geo Method

  $2,840,741

• Alternative Use

  Use

  Valuation

  Residential

  $1,780,262

  Hospitality

  $1,630,710

  Educational

  $1,356,732

  Medical

  $1,403,392

  Retail

  $2,110,471

Location Insight

City

Beech Grove

County

Marion

State

Indiana

Latitude

39.7104

Longitude

-86.0834

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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