Emerson Way

For Lease

5500 Emerson Way, Indianapolis, IN 46226

You can currently find 1 retail space(s) available for lease at Emerson Way. Designated use type for space listed here includes strip. Current retail listings at this property total 1,200 square feet. Lease type options include NNN. Expand the listing and property details below for additional information on leasing opportunities at Emerson Way.

Space Available For Lease 1

Contacts

broker

Tim Maly

Black Gate Partners

(614) 358-2089

Property Details

  • 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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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

Attachments

Getting around

  • 50/100

    Walk Score ®

  • 58/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

5500 Emerson Way Listing Brief

  • A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.

    5500 Emerson Way is located in Millersville, which is home to a total of 1 listing(s). Retail space at Emerson Way asks $15.00/SF/YR per square foot.

  • The property includes 1,200 square feet of retail space for lease. Of this total, 1,200 square feet are Strip.

    Lease agreement conditions for the availability at this property include NNN.

    For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.

  • You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.

    Knowing your ideal customer is essential. For your consideration, the average age of residents in Millersville is 35. The average household income here is $61,870 per year.

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Tim Maly

Black Gate Partners

(614) 358-2089

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