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4521 Independence Square

Indianapolis, IN 46203

ActiveListed Jun 29, 2026 · 93 days on market

Key facts

Living area
4,928 sqft
Lot
1.08 acres
Year built
1978
Type
Commercial Sale · Office
MLS #
22110697
County
Marion
Total building area
4,928 sqft

About this home

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.

Description provided by the listing brokerage.

Exterior

Roof
Metal
Parking and garage
Attached

Systems

Heating
Forced Air
Utilities
Electricity ConnectedNatural Gas Available

Lot and HOA

Zoning
CS

Schools

Elementary school
Arlington Elementary School
Middle school
Franklin Central Junior High
High school
Franklin Central High School
School district
Franklin Township Com Sch Corp

Taxes

Estimated annual tax
$6,208 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$6,447per month, estimated
Principal and interest $5,545Property tax $517Insurance $385
20% · $220,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$1,100,000
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