For Lease

Former CVS-Thompson Rd.

505 E. Thompson Rd., Indianapolis, IN 46227

10,125

SF Available
Discover the vibrant surroundings of this property on the south side of Indianapolis, IN. Situated on the SW corner of Thompson Rd. & East St./US31S. Located in a dynamic area filled with a variety of amenities, tenants will enjoy easy access to popular dining options, retail centers, & recreational attractions. Within close proximity, locals & visitors can explore the beautiful Garfield Park. Multiple interstates & city thoroughfares (I-465, I-65, I-69, & US31S) are nearby.Perfect for retail investors, this impressive 10,125 SF free-standing building, constructed in 1999, offers a prime opportunity in the thriving Indianapolis area. Zoned ZO01, the property is ideal for a wide range of retail uses or adaptive redevelopments. Boasting ample space and a strategic location, this investment opportunity promises high visibility and accessibility. With its modern construction and desirable zoning, this property presents an exceptional chance to make an impact in the dynamic Indianapolis retail market.Previously occupied by a renowned retail brand, this stand-alone building offers a versatile & spacious interior, ideal for a wide range of retail uses. The property features a prominent facade, ample parking space, & high visibility, ensuring maximum business exposure. With a well-designed layout, flexible floor space, & potential for customization, tenants have the opportunity to create a dynamic retail environment tailored to their unique vision. Embrace the opportunity to lease this former CVS building & establish a thriving retail presence in a prime location.

Key features

  • Former CVS stand-alone retail building for lease
  • High visibility & prominent facade
  • Potential for creative retail environment
  • Proven retail history in established area
  • Pylon signage available, as well as a drive-thru
  • Spacious interior with versatile layout

Rental Details

  • Number of spaces 1
  • Total square feet available 10,125 SF
  • For Lease Contact for pricing
  • Space Types Freestanding
  • Lease Type NNN
  • Date Updated May 6, 2026
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

For Lease 1 Space Available

Contacts

Matt Ferguson

Premier Commercial Real Estate Services | TCN Worldwide

Building Details

  • For Lease Contact for pricing
  • Property Type Retail - Freestanding
  • Property Size 10,125 SF
  • Lot Size 1.14 Acre
  • Year Built 1999
  • Date Updated May 6, 2026

Attachments

Getting Around

  • Walk Score ®

    Somewhat Walkable (57)

  • Transit Score ®

    Some Transit (26)

  • Bike Score ®

    Somewhat Bikeable (49)
Powered by Walk Score ®

Location

  • City Indianapolis, IN
  • Neighborhood West Edgewood
  • Zip Code 46227
  • Market Indianapolis

Points of Interest

GetGo

1.02 miles

BP

1.83 miles

Shell

2.02 miles

Pilot

2.04 miles

Electrify America

3.45 miles

Tesla Supercharger

3.70 miles

ChargePoint

4.67 miles

Tesla Destination Charger

6.63 miles

Knight's Inn Check-In Parking

2.12 miles

Large Vehicle Parking Lot

2.14 miles

Truck Parking

2.15 miles

ADA Parking

2.19 miles

Lot C

4.48 miles

LaRosa South

4.51 miles

Lot 43 South

4.55 miles

Lot 48

4.60 miles

Lot 98

4.61 miles

21 Asian Grocery

0.80 miles

Big Lots

0.84 miles

Kroger

0.89 miles

Walmart Neighborhood Market

1.99 miles

ALDI

2.09 miles

Ram Tha Asian Grocery

2.28 miles

Walmart Supercenter

2.29 miles

Lemro Asian Grocery Store

2.29 miles

Ti Ti Asian Grocery

2.45 miles

505 E. Thompson Rd. Listing Summary

  • The Price for Retail Space at 505 E. Thompson Rd.

    The cost of renting retail space in a property highly depends on features such as its location, parking availability and type of retail space, or advantages and features that might be unique to it. For details on asking rent or information on other costs, use the contact form available on this page to reach out to the property representative.

    Reach out to the listing broker for information on best parking and other access options at or near the property.

  • Retail Space Options Available at 505 E. Thompson Rd.

    The property exclusively contains Freestanding space totaling 10,125 square feet. The leasing opportunity here is available under NNN lease terms.

    In addition to retail space type, you will also need to consider the space size that you need for your business to operate at its best. The property includes 1 large retail space(s) of more than 10,000 square feet, which is typically a good choice for businesses that need lots of showroom space or the flexibility to set up specialized operations. For more information or to schedule a tour of the property, reach out using the contact form on this page to get in touch with a broker.

Contact Listing Broker
Matt Ferguson

Premier Commercial Real Estate Services | TCN Worldwide

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