Your email has been sent.
Former Family Dollar 5285 E 38th St 8,320 SF of Retail Space Available in Indianapolis, IN 46218
Highlights
- Freestanding 8,320 SF retail building with modern construction.
- Pylon signage positioned for maximum visibility.
- Accessible via IndyGo bus line for enhanced connectivity.
- Located on high-visibility 38th Street with strong commuter traffic.
- Zoned C-3 for diversified commercial use options.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 8,320 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
The property at 5285 E 38th Street offers a contemporary 8,320-square-foot freestanding retail building with exceptional frontage on one of Indianapolis’ busiest corridors. Built in 2016, the site features a private parking lot, pylon signage, and two finished restrooms, providing a turnkey setting for a variety of potential tenants. Zoned C-3, this location accommodates broad commercial uses including retail, service, and specialty operations. Its visibility, accessibility via the IndyGo bus line, and proximity to established neighborhoods make it well-suited for operators seeking exposure in a high-traffic environment.
- Modern freestanding retail building
- Prominent 38th Street visibility
- Flexible C-3 zoning options
- Pylon signage for exposure
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 8,320 SF | Gross Leasable Area | 8,320 SF |
| Property Type | Retail | Year Built | 2016 |
| Property Subtype | Storefront | Parking Ratio | 2.76/1,000 SF |
| Total Space Available | 8,320 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 8,320 SF |
| Year Built | 2016 |
| Parking Ratio | 2.76/1,000 SF |
About the Property
This freestanding retail space at 5285 E 38th Street offers a modern building constructed in 2016 with excellent visibility and convenient access along a major Indianapolis corridor. The 8,320-square-foot structure sits on a 1.21-acre parcel and includes a private parking lot, two built-out restrooms, and prominent pylon signage for maximum exposure. Strategically positioned along the recently revamped IndyGo bus line, this location provides connectivity to high-density neighborhoods and major city thoroughfares. Its C-3 zoning accommodates a broad spectrum of uses beyond traditional retail, making it suitable for service businesses, specialty stores, quick-service restaurants, or medical and professional offices. The property’s combination of accessibility, high-traffic exposure, and flexible use potential makes it a strong option for tenants seeking a long-term Indianapolis presence.
- Pylon Sign
- Signage
- Air Conditioning
Presented by
The Novogroder Companies, Inc.
Former Family Dollar | 5285 E 38th St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.