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Three-Unit Office and Live-Work Condos
For Lease
$4,500/Mo

10 N Delaware Street, Indianapolis, IN 46204

Three separate condo units offer flexible office and live-work use with dedicated bathrooms and possible rent-to-own or owner financing.

Space SizeContact for details
Property Size1,500 SF
Days on Market56

Property Features for 10 N Delaware Street

General Information

Standard status Active
Size 1,500 SF
Zoning Z01

Amenities

On Street

Building Details

Building Size 1,500 SF
Stories 3
Listing Agency: Just Homes Realty
Listed By: Justus Hodges
Source: Evrealestate
Added: Jun 30 Changed: Aug 24 Last Checked: Aug 24 at 5:04AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Just Homes Realty

Investment Insights

Based on property information with market context.

This mixed-use property is configured as three separate condominium units, each approximately 500 square feet, with independent office/live-work setups. Unit 1 is a first-floor office condo with a half bathroom, while Unit 2 is a second-floor office condo with a half bathroom. Unit 3 is a third-floor live-work condo designed for private office or live-work arrangements and includes a full bathroom with a shower.

The property at 10 N Delaware St in Indianapolis is described as having previously operated as a combination of uses, including a bail bond business, a smoke shop, and an attorney office. The layout lends itself to an owner-operator model where one or more units can be used for business space while others may be occupied separately.

For tenants, buyers, or business owners looking for flexible space, the unit-by-unit condominium configuration supports different occupancy plans across the building. The listing also notes owner financing and rent-to-own terms are available, which may be attractive to an owner-user, investor, or business seeking structured purchase or occupancy options. For complete terms and availability, contact the listing agent.

Key Highlights

  • 3 separate condo units with flexible office and live/work use, each with its own bathroom
  • Unit 1: ~500 SF first‑floor office condo, 1/2 bath; rent‑to‑own $1,750/mo for 12 years; owner financing available; $199,500
  • Unit 2: ~500 SF second‑floor office condo, 1/2 bath; rent‑to‑own $1,500/mo for 12 years; owner financing available; $175,500

Property Analytics

Current Use

Edwards Kerry Bail ... Law Firm

Suggested Use

Top Pick Pet Grooming Service (Bike/Boat/Book/etc) Store HVAC Service Electrical Service Tanning Salon Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$5.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

6,865
Businesses Nearby

Demographics for 46204, IN

9,086
Population
6,582
Households
1.4
Avg Household Size
31
Median Age
61%
College-Educated
90%
High-School Grad
1.1 sq mi
ZIP Area
8,260
Density / Sq Mi
$88,081
Median Household Income
$69,226
Median Earnings
$1,686
Median Rent
$350,400
Median Home Value

Market

Vacancy Rate% for Office in Indianapolis, IN

17.4% 2019
17.8% 2020
19.1% 2021
19.3% 2022
22.2% 2023
22.8% 2024
21.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Live-work space - Three separate condo units offer flexible office and live-work use with dedicated bathrooms and possible rent-to-own or owner financing.
Where is this live-work space located?
The property is located at 10 N Delaware Street Indianapolis, IN.
What is the lease rate?
The lease rate is $4,500/Mo.
What are key features of this property?
This property features: 3 separate condo units with flexible office and live/work use, each with its own bathroom; Unit 1: ~500 SF first‑floor office condo, 1/2 bath; rent‑to‑own $1,750/mo for 12 years; owner financing available; $199,500; Unit 2: ~500 SF second‑floor office condo, 1/2 bath; rent‑to‑own $1,500/mo for 12 years; owner financing available; $175,500
More about this property
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