Irvington Plaza, Indianapolis, IN
Indianapolis, IN
Retail with Mix-Use, Residential and Health and Wellness
For Lease
New Redevelopment of Irvington Plaza
Property Highlights
+ 6.91 acre Parcel (MU2 Zoning – Pending)
+ 3.24 acre platted parcels outlots
+ Available Retail includes 57,360 SF;
− 32,000 SF former grocery box
− 12,000 SF shop space on Washington street
− 9,360 SF in-line shop space
+ 4,000 SF freestanding QSR with drive through In Place Rent $336,714 with the following Tenants;
− CVS d/b/a Oak Street Health
− EZ Pawn Corp-500 international store chain
− The Cigarette Store, d/b/a Smoker Friendly 157 store chain
− New Lease with Mexican Restaurant opening in 2025
− Larry’s Barber Shop
Significant Grocery Leasing Opportunity
Within the Irvington community and surrounding neighborhoods, residents only have access to two Krogers, both of which do not provide residents with quick access to a high-quality grocer to match the growing demographics of the area.
Tallen Capital Partners
The Irvington Plaza is another planned redevelopment by national market’s commercial real estate investor, Tallen Capital Partners, LLC. Tallen Capital is a vertically integrated retail, residential and mixed-use investment and development organization operating out of locations in San Francisco, CA San Diego, CA Carmel, IN and Southwestern USA. Tallen Capital is led my industry veteran, Terry Tallen Founder and CEO. Terry Tallen has deep roots in the state of Indiana as an IU Kelly School of Business graduate, co-captain of Indiana’s nationally ranked 1979 Holiday Bowl Championship Football Team and benefactor of the state of the art, Terry Tallen Indiana University Football Complex.
Irvington Plaza Story
Redevelopment of Irvington Plaza Shopping Center is one component of the revitalization of Indianapolis east side, which includes the new home ownership of the historic homes, the redevelopment of the former Navistar and Ford Plan located to the south and east of Irvington Plaza.
The redevelopment of Irvington Plaza Shopping center will help kick start the revitalization of the Washington Street commercial corridor.
The envision of Irvington Plaza Shopping Center is to deliver to the Neighborhoods a grocery anchored with other daily and necessity retailers, ie. Household and Hardware, Pet
store, Banking, Medical, and the opportunity for locally based retailers to open.
The Irvington neighborhood
• located 5 miles east of downtown Indianapolis
• The median intersection in Irvington is Audubon Road and E Washington which is approx. 1⁄2 mile from Irvington Plaza.
• Largest district in Marion County to be listed on the National Register of Historic Places.
Street boundaries of Irvington:
• N-10th Street
• E-Edmondson Drive
• S-English/Brookville
• W-Emerson Ave.
Irvington Demographics
• Residents 11,586
• Households 5,600
• Owner Occupied 63% and increasing
• Median Income-$64,335
• Median Home Value-$206,000