7565 Us 31Indianapolis, IN 46227

Property Details for 7565 Us 31

Year built

1999

Construction

TYPE NOT SPECIFIED

Lot size

6.50 AC

Property size (Sq ft)

84,966 SF

Zone code

ZO01

Property type

Retail properties

Property subtype

Strip malls

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.

• CAP approach

  CAP return

  Valuation

  6%

  $16,198,697

  6.5%

  $14,952,644

  7%

  $13,884,598

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,093,942

  Geo Method

  $20,093,942

• Alternative Use

  Use

  Valuation

  Residential

  $12,613,114

  Hospitality

  $11,553,545

  Educational

  $9,612,414

  Medical

  $9,942,999

  Retail

  $14,952,644

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.6564

Longitude

-86.1404

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].