Map of Property

Dollar General

For Sale

4502 Shadeland Avenue, Indianapolis, IN 46226

This Indianapolis property for sale is located at 4502 Shadeland Avenue. The current listed sale price for Dollar General is $1,192,000. Dollar General is situated on a lot that is 1.17 acre in size.

Contacts

broker
Chris Nachtrab

Lee & Associates Cincinnati

Property Details

  • Property Type Retail - Freestanding
  • Property Size 9,014 SF
  • Lot Size 1.17 Acre
  • Property Tenancy Single Tenant
  • Year Built 2008
  • Date Updated Mar 6, 2025
Located in Indianapolis, one of the fastest-growing cities in the Midwest, the property is positioned within a thriving retail market. The area benefits from high visibility and accessibility near major thoroughfares, including I-465 and Shadeland Avenue, providing convenient connections to the broader Indianapolis metro area. Nearby retail destinations such as Castleton Square Mall and Washington Square Mall, as well as national retailers, drive consistent consumer traffic. The property is also within close proximity to densely populated residential neighborhoods and community hubs, such as Fort Harrison State Park, making it an attractive location for retail tenants. Indianapolis’ pro-business climate and robust economy make this a prime opportunity for investors in single-tenant retail properties.Introducing a prime investment opportunity in the heart of the Indianapolis area. This free-standing retail building boasts exceptional advantages, including high traffic exposure with over 24,000 vehicles per day on N. Shadeland Avenue and over 23,000 vehicles per day on E. 46th Street. Strategically situated just west of I-465, the property offers easy access and outstanding visibility with prominent frontage on E. 45th Street and N. Shadeland Avenue. Surrounded by a dense residential area and located within a well-established retail corridor, this property is positioned for success. With national retailers like Walgreens, Pizza Hut, and Family Dollar in the vicinity, and amenities just a short distance away, this location presents a compelling opportunity for retail investors.
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Highlights

  • High Traffic Exposure: Over 24,000 vehicles per day on N. Shadeland Avenue and over 23,000 vehicles per day on E. 46th Street.
  • Strategic Location: Situated just west of I-465, a major highway with a traffic volume of 18,751 vehicles per day, providing easy access to the property.
  • Corner Lot Advantage: Prominent frontage with 391 feet on E. 45th Street and 212 feet on N. Shadeland Ave., ensuring excellent visibility from multiple directions.
  • Dense Residential Area: Surrounded by densely populated neighborhoods, with 211,839 residents within a 5-mile radius.
  • Retail Corridor: Located in a well-established retail corridor, with nearby tenants including national brands like Walgreens, Pizza Hut, and Family Dollar.
  • Proximity to Amenities: Nearest grocery store is 1.6 miles away

Getting around

  • 50/100

    Walk Score ®

  • 26/100

    Transit Score ®

  • 45/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Indianapolis, IN
  • Neighborhood Devington
  • Zip Code 46226
  • Market Indianapolis

Points of Interest

  • Speedway

    0.09 miles

  • BP

    0.12 miles

  • Mobil

    0.18 miles

  • Thorntons

    0.71 miles

  • Exxon

    1.30 miles

  • Phillips 66

    2.12 miles

  • BP / Ricker's

    2.48 miles

  • Shell

    2.92 miles

  • ChargePoint

    4.88 miles

  • eVgo

    6.15 miles

  • bus

    0.84 miles

  • Walnut Trailhead Parking

    2.26 miles

  • Lawrence Creek Trailhead Parking

    2.31 miles

  • Cumulus Parking lot

    2.89 miles

  • Cumulus Parking Lot

    2.91 miles

  • Home Depot Parking Lot

    3.42 miles

  • Upper Fall Creek Loop Trail - Parking

    4.67 miles

  • Back-In Parking

    5.63 miles

  • Fresh Thyme/The Coil Parking Garage

    5.71 miles

  • The Savoy

    7.49 miles

  • Waffle House

    0.63 miles

  • Dunkin'

    0.85 miles

  • White Castle

    0.85 miles

  • Heidelberg Cafe

    0.87 miles

  • Hardee's

    1.08 miles

  • Bando

    1.15 miles

  • La Hacienda

    2.14 miles

  • Culver's

    2.26 miles

  • American Pizza Company

    2.31 miles

  • IHOP

    2.37 miles

  • Indy Fresh Market

    1.12 miles

  • Walmart Neighborhood Market

    2.27 miles

  • Luis's Fresh Market

    3.08 miles

  • Big Lots

    3.37 miles

  • Kroger

    3.43 miles

  • Safeway

    3.93 miles

  • Walmart Supercenter

    4.00 miles

  • ALDI

    4.01 miles

  • KB International Inc

    4.06 miles

  • Meijer

    4.25 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Chris Nachtrab

Lee & Associates Cincinnati

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