4521 Independence Square
Indianapolis, IN, 46203 $ 1,100,000
Bedrooms-- Baths-- Sq 4,928 Monthly Estimate*
$ 7,597
for $1,100,000. This 4,928 square foot building was built in 1978 on a lot size of 1.08.
This is your opportunity to secure a highly visible, highly accessible commercial site in one of Indianapolis' most connected corridors. This 4,928-square-foot freestanding former daycare sits on 1.08 acres and is ready for immediate use. The property is vacant, well-maintained, and fully positioned for an owner-user or investor who wants a plug-and-play location with long-term upside. With ample parking and a functional layout, it is a true turnkey opportunity in a tightening commercial submarket. What makes this location stand out is its access. Just minutes from I-465, I-65, and I-74, the property connects effortlessly to the entire Indianapolis metro. Whether you're serving downtown, Greenwood, Beech Grove, or the surrounding residential neighborhoods, this site puts you in the center of daily traffic flow and strong population density. The surrounding area continues to grow through residential expansion, industrial development, and steady commercial infill, creating a stronger demand base every year. As major developments push outward from the core, properties like this become increasingly rare-functional, flexible, and already in place. Zoned CS (Commercial Service) in Marion County, the property supports a wide range of uses including professional and medical offices, daycare or educational facilities, veterinary clinics, fitness or wellness studios, salons and personal services, small-format retail, and other neighborhood-serving commercial operations. This flexibility makes it ideal for both immediate occupancy and long-term repositioning. This is a clean, strategic entry point into a growing corridor with strong connectivity, daily exposure, and multiple use possibilities-all in a location where supply is tightening and demand continues to rise.
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FeaturesGeneralHeating Forced Air
Utilities Electricity Connected Natural Gas Available
Possession Closing
Roof Metal
Zoning CS
Year Built 1978
Stories Count 2
Township Franklin
Property Subtype Office
Tax Year 2024
Current Use Office
County Marion
New Construction N
Property Type Commercial Sale
Status Active
Directions GPS Friendly
High School Franklin Central High School
City Indianapolis
High School District Franklin Township Com Sch Corp
MLS Area 4906 - Marion - Franklin
Lot Size Square Feet 47132
Elementary School Arlington Elementary School
Middle/Junior High School Franklin Central Junior High
Standard Status Active
Tax Lot Unknown
Legal Description Pt N1/2 Sw1/4 S34 T15 R4 Beg 1115Ft W & 7.14Ft Sof Ne Cor S 192.86Ft W 244.48Ft N 192.86Ft E244.48Ft To Beg 1.082Ac
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ExteriorParking Features Attached
Building Area Total 4928
Lot Size Acres 1.08
Road Surface Type Asphalt
Road Frontage Type City Street
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* Excluded FeaturesList ByF.C. Tucker CompanyBroker
Annie.Scott@talktotucker.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,597
- Monthly Property Taxes
- $517
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Indianapolis, IN
Average List Price $885,848
Percent of Sale Price 19%
About Indianapolis, IN 843,184 Population
8% Since 2002
$ 43,160 Median Income
35.24 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
4051741 Elementary School
4050037 Middle School
Franklin Central High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/29/2026 | $1,100,000 | -15.32% | Price Down |
| 6/29/2026 | $1,299,000 | | Listed Price |