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5237-5243 Rockville Rd 4,524 SF 100% Leased Retail Building Indianapolis, IN 46224 $550,000 ($121.57/SF)
Investment Highlights
- 1 mile from I-465
- Hard Corner with over 200' of frontage
- C-3 Zoning
Executive Summary
Located on a Hard corner at Rockville Road & Lynnhurst, this 4,524 SF building offers a flexible layout ideal for retail, office, or service-based users. C-3 zoning supports a wide range of permitted uses including neighborhood retail, professional services, restaurant concepts, and personal care businesses. With over 20,000 cars per day along this stretch, the site benefits from strong exposure and consistent traffic flow. The property does require renovation, presenting a value-add opportunity to reposition, customize, and maximize its potential. On-site parking and excellent frontage further enhance accessibility, making this a strong option for investors or businesses looking to establish a presence in a well-traveled corridor.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,524 SF
Building Class
C
Year Built
1975
Price
$550,000
Price Per SF
$121.57
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.68
Lot Size
0.15 AC
Zoning
C3 - Office/Retail
Parking
5 Spaces (1.11 Spaces per 1,000 SF Leased)
Frontage
214’ on Rockville Road
Amenities
- Corner Lot
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-11-07-122-004.000-900 | Improvements Assessment | $103,300 |
| Land Assessment | $43,800 | Total Assessment | $147,100 |
Property Taxes
Parcel Number
49-11-07-122-004.000-900
Land Assessment
$43,800
Improvements Assessment
$103,300
Total Assessment
$147,100
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