Emerson Way Listing Details & Market Data

5500 Emerson Way, Indianapolis, IN 46226

  • For Lease $15.00/SF/YR
  • Property Type Retail
  • Property Size 24,691 SF
  • Lot Size 2.04 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1972
  • Date Updated Mar 7, 2024
Located at the Southwest Corner of E. 56th Street and Emerson Way near Cathedral High School.BlackGate Partners, on behalf of ownership, is happy to present the offering of Emerson Way Shopping Center located in northeast Indianapolis right on Emerson Way. This 24,691 square foot building is a prime neighborhood center located near the intersection of Emerson Way and E. 56th Street directly across the street from a Walmart Neighborhood Market. The site offers plenty of parking, excellent visibility and is located near Cathedral High School.This 24,691 square foot building is a prime neighborhood center located near the intersection of Emerson Way and E. 56th Street directly across the street from a Walmart Neighborhood Market. The site offers plenty of parking, excellent visibility and is located near Cathedral High School.

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Attachments

Highlights

  • Located within the City of Indianapolis
  • Dollar General anchored shopping center
  • Nearly 50% of the shopping center occupied by national credit tenants
  • Recently signed extensions ensures Dollar General and Papa Johns will be at the center until at least 2029
  • Stabilized center with the ability to grow NOI by $40,000+ within 2 years
  • Recent shopping center improvements include partial roof replacement, facade renovation, painting, pylon sign renovation and parking lot work
  • Strong visibility and location, plentiful parking
  • Located across from a Walmart Neighborhood Market that was built in 2016
  • Combined traffic counts of 30,000+ VPD at Emerson Way and E 56th

Spaces Available

Contacts

broker

Tim Maly

Black Gate Partners

(614) 358-2089

Location

Getting Around

  • Walk Score ®

    Car-Dependent (50)

  • Bike Score ®

    Bikeable (58)
Powered by Walk Score ®
  • City Indianapolis, IN
  • Neighborhood Millersville
  • Zip Code 46226
  • Market Indianapolis

Points of Interest

  • Methodist

    6.04 miles

  • Canal

    6.43 miles

  • Indiana University/Riley

    7.08 miles

  • Indianapolis Union Station

    7.38 miles

  • Speedway

    0.13 miles

  • Speedway

    1.13 miles

  • Speedway

    1.64 miles

  • Ricker's

    1.84 miles

  • Speedway

    2.10 miles

  • Marathon

    2.33 miles

  • Kroger Fuel Center

    2.35 miles

  • BP

    2.39 miles

  • Speedway

    2.39 miles

  • Mobil

    2.40 miles

  • bus

    2.07 miles

  • Cumulus Parking lot

    2.85 miles

  • Cumulus Parking Lot

    2.86 miles

  • Walnut Trailhead Parking

    3.08 miles

  • Back-In Parking

    3.22 miles

  • Fresh Thyme/The Coil Parking Garage

    3.30 miles

  • Broad Ripple Garage

    3.31 miles

  • East Parking Pavilion

    3.34 miles

  • Lawrence Creek Trailhead Parking

    3.52 miles

  • Ironworks Hotel

    4.31 miles

  • American Pizza Company

    0.11 miles

  • Blind Owl Brewery

    1.15 miles

  • Subway

    1.80 miles

  • Mousetrap

    1.80 miles

  • Wendy's

    1.80 miles

  • Rally's

    1.81 miles

  • Steak 'n Shake

    1.87 miles

  • McDonald's

    1.90 miles

  • Buffalo Wild Wings

    1.91 miles

  • Robert E. Kennington, American Legion Post 34

    1.95 miles

  • Walmart Neighborhood Market

    0.18 miles

  • Big Lots

    1.18 miles

  • KB International Inc

    1.77 miles

  • ALDI

    1.80 miles

  • Target

    1.90 miles

  • Meijer

    1.94 miles

  • Macy's

    1.96 miles

  • Kroger

    2.25 miles

  • Kroger

    2.39 miles

  • Nicole Taylor's Pasta Market

    2.75 miles

Contact Listing Broker

broker

Tim Maly

Black Gate Partners

(614) 358-2089

  1. 1Main information
  2. 2Extra information