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505 E Thompson Rd
Indianapolis, IN 46227
Retail Property For Sale

Investment Highlights

  • Former CVS stand-alone retail building for sale
  • High visibility & prominent facade
  • Proven retail history in established area
  • Spacious interior with versatile layout
  • Potential for creative retail environment
  • Pylon signage available, as well as a drivethru

Executive Summary

Perfect for retail investors, this impressive 10,125 SF free-standing building, constructed in 1999, offers a prime opportunity in the thriving Indianapolis area. Zoned ZO01, the property is ideal for a wide range of retail uses or adaptive redevelopments. Boasting ample space and a strategic location, this investment opportunity promises high visibility and accessibility. With its modern construction and desirable zoning, this property presents an exceptional chance to make an impact in the dynamic Indianapolis retail market.

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,125 SF
Building Class
C
Year Built
1999
Price
$2,884,833 CAD
Price Per SF
$284.92 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.19 AC
Zoning
ZO01 - Commercial
Parking
55 Spaces (5.43 Spaces per 1,000 SF Leased)
Frontage
317’ on E Thompson Rd

Amenities

  • Bus Line
  • Corner Lot
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru
  • Wheelchair Accessible
  • Air Conditioning

Property Taxes

Property Taxes

Parcel Number
49-14-01-121-002.000-500
Land Assessment
$524,627 CAD
Improvements Assessment
$1,067,388 CAD
Total Assessment
$1,592,016 CAD
  • Listing ID: 40423468

  • Date on Market: 2026-05-06

  • Last Updated:

  • Address: 505 E Thompson Rd, Indianapolis, IN 46227

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