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    6434 College Ave Indianapolis, IN 46220

    For Sale
    $2,100,000

    Prime Broad Ripple location, 7,460 sqft, 52 parking spaces.

    Property size:
    7,460 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 7,460 square foot office building, situated on a 0.72-acre lot in Indianapolis' vibrant Broad Ripple neighborhood, presents a unique investment opportunity. The property boasts six versatile units and an impressive 52-space parking lot, one of the largest in the area. Its strategic location offers unparalleled access to the Monon Trail, the bustling Broad Ripple Village, and high-profile developments like Versa Broad Ripple, G Bloc Modern Live + Work, and The Coil. The property's C-1 zoning allows for a variety of uses, including retail, office, residential, or mixed-use development, catering to the growing demand for urban living in this thriving area. Further enhancing its appeal is its convenient location on the Red Line Route and just one block from the final College Avenue bus stop, ensuring high visibility and accessibility. This property offers significant potential for redevelopment or enhancement, capitalizing on Broad Ripple's rapid growth and the increasing desirability of this dynamic Indianapolis neighborhood. The substantial parking and versatile space make this a truly remarkable opportunity for investors seeking a prime location with significant upside potential. Don't miss this chance to be a part of Broad Ripple's exciting transformation.

    Property Features for 6434 College Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    7,460 SF
    Lot Size
    31,363 SF

    Building Details

    Year Built
    1971
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Angel Touch Therapy ... Alternative Medicine Practitioner Darrell Frye: Allstate ... Insurance Agency Ross & Brunner Attorney Whole Holistic Soul ... Wellness Center Allstate Personal Financial ... Financial Consultant

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.14682
    Latitude
    39.8736

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Broad Ripple location, 7,460 sqft, 52 parking spaces.
    Where is this office property / space located?
    The property is located at 6434 College Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $2,100,000.
    (317) 843-7766
    Request Owner's contact information
    6434 College Ave Indianapolis, IN 46220
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    Indianapolis, IN 46220
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6434 College Ave Indianapolis, IN 46220
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