4930 Lafayette RdIndianapolis, IN 46254

Property Details for 4930 Lafayette Rd

Year built

2007

Construction

TYPE NOT SPECIFIED

Lot size

3.18 AC

Property size (Sq ft)

30,178 SF

Zone code

ZO01

Property type

Strip malls

Property subtype

Neighborhood centers

APN

49-05-12-129-024.000-600

APU

490512129024000600

Description

Eagle Creek Shoppes presents a unique retail investment opportunity. This single-story, 29,380 square foot shopping center is situated on a 1.87-acre lot and boasts a prime location with excellent visibility from I-65. Currently, 2,500 square feet of space is available, with a minimum divisible unit size of 2,500 square feet and a maximum contiguous space of 2,500 square feet. The property is zoned C4, and its APN is 49-05-12-129-024.000-600. Previously hampered by poor access, recent improvements have significantly enhanced the center's appeal. These improvements include the installation of a new traffic signal directly in front of the property, dramatically increasing visibility and accessibility. A new pylon sign has also been erected along Lafayette Road, further enhancing the center's presence. Adding to the property's attractiveness, a Tim Horton's restaurant is slated to open soon, bringing increased foot traffic and brand recognition to the center. This represents a rare chance to acquire a well-positioned retail property with significant upside potential, benefiting from recent strategic improvements and the imminent arrival of a major tenant. The property is under local ownership for the first time in many years, presenting a unique opportunity for a new owner to shape its future.

• CAP approach

  CAP return

  Valuation

  6%

  $5,758,216

  6.5%

  $5,315,276

  7%

  $4,935,613

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,147,614

  Geo Method

  $7,147,614

• Alternative Use

  Use

  Valuation

  Residential

  $4,483,634

  Hospitality

  $4,106,984

  Educational

  $3,416,963

  Medical

  $3,534,478

  Retail

  $5,315,276

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.8427

Longitude

-86.2543

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].