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Keystone Ave Portfolio 3 Properties in Indianapolis, IN
Executive Summary
Keystone Ave Retail Investment Opportunity | 4501 N Keystone Ave, Indianapolis, IN 46205
See Data Room for OM and Rent Roll
Rare chance to acquire a 3-building, 18,115 SF flex retail portfolio spanning 2.97 acres along one of Indianapolis's highest-traffic corridors, with 37,500 vehicles passing daily. Zoned C-5 and currently 53% occupied.
The portfolio includes three addresses (4501, 4533, and 4545 N Keystone Ave) with a mix of auto service, retail, and flex uses. Two tenants are in place, including Felipe's Legacy Motors on a lease through August 2027 with $1,000/month escalations. Three suites are vacant and ready for new tenants at market rates.
Situated just south of 46th Street, the property sits within a dense retail node anchored by Target, Meijer, Lowe's, Chick-fil-A, Starbucks, and Walgreens — all within one mile. The Keystone Corridor submarket boasts a $21.12/SF average asking rate and 2.0% rent growth, outpacing the broader Indianapolis market.
With strong bones, a high-visibility location, and significant upside from lease-up, this is an ideal opportunity for an owner-user or value-add investor.
See Data Room for OM and Rent Roll
Rare chance to acquire a 3-building, 18,115 SF flex retail portfolio spanning 2.97 acres along one of Indianapolis's highest-traffic corridors, with 37,500 vehicles passing daily. Zoned C-5 and currently 53% occupied.
The portfolio includes three addresses (4501, 4533, and 4545 N Keystone Ave) with a mix of auto service, retail, and flex uses. Two tenants are in place, including Felipe's Legacy Motors on a lease through August 2027 with $1,000/month escalations. Three suites are vacant and ready for new tenants at market rates.
Situated just south of 46th Street, the property sits within a dense retail node anchored by Target, Meijer, Lowe's, Chick-fil-A, Starbucks, and Walgreens — all within one mile. The Keystone Corridor submarket boasts a $21.12/SF average asking rate and 2.0% rent growth, outpacing the broader Indianapolis market.
With strong bones, a high-visibility location, and significant upside from lease-up, this is an ideal opportunity for an owner-user or value-add investor.
Data Room Click Here to Access
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 16,990 SF |
| Number of Properties | 3 | Total Land Area | 7.09 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 16,990 SF |
| Total Land Area | 7.09 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 4533 N Keystone Ave, Indianapolis, IN 46205 | Industrial | 2,190 SF | 1982 | - |
| 4501 N Keystone Ave, Indianapolis, IN 46205 | Retail | 14,000 SF | 1950 | - |
| 4545 N Keystone Ave, Indianapolis, IN 46205 | Retail | 800 SF | 1950 | - |
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