4540-4590 N Shadeland Ave
Indianapolis, IN 46226
Shadeland Corner · Propriété À louer

Property Overview 4560 N Shadeland Avenue presents a dynamic commercial real estate opportunity in a high-traffic corridor of Indianapolis. This is positioned at the signalized intersection of N Shadeland Ave and E 46th Street, offering excellent visibility, high daily traffic counts, and direct access to surrounding residential and commercial areas. Built in 1961 and renovated in 2005, the center remains a functional and well-occupied retail destination with a strong mix of national and local tenants serving the northeast Indianapolis community. Location & Accessibility Strategically located in Marion County, this retail center benefits from over 690 feet of total street frontage, with approximately 495 feet along N Shadeland Ave and 205 feet on 46th Street. The intersection sees consistent vehicular activity throughout the day, drawing customers from a wide surrounding residential population. The site is also just minutes from I-70 and I-465, offering seamless access for regional consumers and delivery networks. The N Shadeland corridor is known for its blend of commercial, service, and retail operators, making it an ideal location for neighborhood-serving businesses. The area surrounding the property includes dense single-family housing, apartment communities, schools, and places of worship, all of which contribute to steady local traffic. Public transportation routes also run along the corridor, increasing accessibility for customers and employees. Site & Building Details Zoning: C4 – Commercial Parking: 197 striped surface spaces (approx. 4.4 per 1,000 SF) Frontage: ~495 ft on Shadeland Ave, ~205 ft on E 46th Street Signage: Monument/pylon sign and individual tenant signage Visibility: Excellent, with multiple curb cuts and two signalized corners The building’s construction is solid and functional, with a rectangular layout that supports efficient tenant subdivision and high visibility from both streets. Storefronts are glass-fronted and vary in size, offering a flexible mix of inline retail, office, and service spaces. Exterior lighting, façade upgrades, and landscaping enhancements have been completed as part of past capital improvements. Tenant Mix The center is currently anchored by: Family Dollar – National discount retail brand serving everyday needs Centra Credit Union – Well-established regional financial institution Annu Eyebrows – Popular local salon with long-standing clientele Multiple specialty and service tenants – Including barbershops, retail boutiques, food service, and professional offices The property maintains a strong occupancy rate, with very limited current availability, reflecting stable in-place cash flow and tenant satisfaction. The center draws repeat traffic from both the residential base and area employees, with a well-balanced mix of destination and impulse-use tenants. Available Space While occupancy is high, one small suite (typically ±1,400 SF) is available, ideal for: Nail salons / barber shops / beauty parlors Community Health Clinic Educational Center/ Bookstore Specialty retail (smoke shops, apparel, electronics, etc.) Fitness or wellness users Smoothie Bar Tech Repair shop Each unit features private entrances, prominent signage, and shared parking access. Tenant-controlled utilities and 24/7 access support flexible business operations. Demographics & Trade Area Within 3 miles: Population: 95,000+ Households: 35,000+ Average Household Income: $49,000+ Traffic Count: ~23,000 vehicles per day on Shadeland Ave The surrounding population includes a diverse and growing mix of working families, retirees, and young professionals, supporting a wide range of business types. The strong local workforce and consistent vehicular traffic position this center to thrive in all economic conditions. Investment Highlights Stabilized Income: Longstanding tenants with proven performance High Visibility Corner Lot: Dual frontage and signalized access from both Shadeland and 46th Ample Parking: 197 striped surface spaces to accommodate peak retail traffic Zoning Flexibility: C4 zoning allows for wide-ranging commercial uses Upside Potential: Opportunity to improve rents, upgrade façade, or re-tenant select spaces Dense Residential Adjacency: Daily needs and service-based demand from nearby neighborhoods Strong Tenant Mix: Combines national brands with high-performing local operators Capital Improvement Opportunity: Light cosmetic upgrades can boost long-term value and tenant retention Potential for Repositioning For investors or developers, the site offers potential for partial redevelopment or repositioning to accommodate: Outparcel development or drive-thru pad (subject to zoning/permitting) Medical, dental, or behavioral health service integration Community use within unused or expanded suites The building’s depth, lot size, and zoning make it versatile for adaptive reuse strategies or continued operation as a stabilized neighborhood center. Conclusion 4560 N Shadeland Ave represents a prime opportunity to acquire or lease space within a high-performing, well-situated retail center in northeast Indianapolis. Whether you're seeking an investment with predictable cash flow or a retail/office space in a proven location, this property delivers on visibility, accessibility, and long-term value. With strong traffic counts, a loyal tenant base, and room for strategic upgrades, Shadeland Corner offers exceptional potential in one of Indianapolis’s most accessible commercial corridors.