Speedway Shoppes

5945 Crawfordsville Rd, Indianapolis (Speedway), IN 46224

Property Information

  • For Sale $4,804,894
  • Property Type Retail - Strip
  • Property Size 16,000 SF
  • Units 11
  • Lot Size 2.04 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1989
  • Date Updated Oct 22, 2026

Description

Indianapolis/Marion County is the twelfth largest city in the United States, and it is by-far one of our country’s most livable big cities. For those who reside and work here, our Indianapolis has a quality about it that makes even the heart of a bustling downtown feel like home. Visitors are drawn from all over the globe to enjoy our top-notch professional sports venues, a thriving convention industry and numerous cultural attractions. And when they arrive, they too experience the Hoosier character and hospitality that make Indianapolis special. As of 2017, Indianapolis is the third most populous city in the American Midwest and 16th most populous in the U.S., with an estimated population of 863,002. The Indianapolis metropolitan area is the 34th most populous metropolitan statistical area in the U.S., with 2,028,614 residents. Its combined statistical area ranks 27th, with a population of 2,411,086. Indianapolis is bursting with pride over its six unique Cultural Districts: The Canal and White River State Park, Fountain Square, Indiana Avenue, Market East, Mass Ave, and Wholesale District. Four of the six districts have homes directly in Downtown Indianapolis, while Fountain Square is just a mile southeast..

Highlights

  • 100% occupied retail center situated on 2.04 acres in Speedway, Indiana, within the strong and growing Indianapolis MSA.
  • All tenants operate under triple-net leases with reimbursement structures that include management and administrative fees, supporting an efficient and stable income stream.
  • Offered at an attractive 7.47% cap rate and approximately $300/SF, providing an opportunity to acquire a stabilized retail asset at a compelling basis within an established Indianapolis retail corridor.
  • Seven of the nine tenants have occupied the center for more than 10 years, demonstrating strong tenant retention and long-term location stability.

Contacts

Location

Located at 5945 Crawfordsville Rd, Indianapolis (Speedway), IN 46224, this property is part of the Speedway neighborhood and Indianapolis market.

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