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5241 E Thompson Rd
Indianapolis, IN 46237
Emerson Plaza Outparcel · Land For Sale
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0.65 AC
INVESTMENT HIGHLIGHTS
- Outparcel Size: 0.65 Acre (usable 0.53 acres)
- High-traffic corridor with strong co-tenancy and visibility
- Zoning: C4 – Ideal for restaurant, bank, retail, or small strip
- Intersection of Emerson Ave & E. Thompson Rd. ½ Mile south I-465
EXECUTIVE SUMMARY
PROPERTY FACTS
| Sale Type | Owner User | Property Type | Land |
| Sale Condition | Ground Lease (Leased Fee) | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.65 AC |
| Zoning | C4 | ||
| Sale Type | Owner User |
| Sale Condition | Ground Lease (Leased Fee) |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.65 AC |
| Zoning | C4 |
1 LOT AVAILABLE
Lot
| Price | $984,124 CAD | Lot Size | 0.65 AC |
| Price Per AC | $1,514,036.35 CAD |
| Price | $984,124 CAD |
| Price Per AC | $1,514,036.35 CAD |
| Lot Size | 0.65 AC |
DESCRIPTION
Property Highlights – 5241 E. Thompson Rd. For Sale or Lease – Prime Retail Outparcel • Size: 0.65 Acre (˜28,314 SF; usable 0.53 acres) • Location: Emerson Plaza Shopping Center, SE Indianapolis, Franklin Twsp. • Zoning: C4 – Ideal for restaurant, bank, retail, or small strip • Frontage: 122’ along E. Thompson Rd. • Utilities: Water, sewer, and electricity available on site ________________________________________ Area & Redevelopment Highlights • Former Kmart redevelopment underway and coming soon: Chick-fil-A, Crew Carwash, Wawa C-Store • Existing anchors: Planet Fitness, Ollie’s Bargain Outlet, Dairy Queen Chill & Grill, Valvoline • High-traffic corridor with strong co-tenancy and visibility • Intersection of Emerson Ave & E. Thompson Rd. ½ Mile south I-465 Sale price $705,000 ($24.90 PSF) Ground Lease $71,500 annually
