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    501 N Capitol Ave Indianapolis, IN 46204

    For Lease
    $19 SF/Yr ($5,117 /Mo)

    Retail space in downtown Indianapolis near cultural and educational hubs.

    Property size:
    3,232 SF
    Lot size:
    2.41 Acres

    Property Features for 501 N Capitol Ave

    General Information

    Size
    3,232 SF
    Lot size
    2.41 Acres

    Source: Cushman & Wakefield | Indianapolis Agent Stefan Arsich

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Retail Space For Rent

    This retail space is located in downtown Indianapolis within the Lux on Capitol, a luxury living complex featuring 672 beds. The property benefits from its proximity to the Statehouse, the Indianapolis Cultural Trail, the Canal Walk, and IUPUI. The location experiences nonstop traffic and student activity throughout the year, with IUPUI having an enrollment of over 30,000 students. A newly remodeled Kroger shadows the property. The daytime population within one mile is approximately 146,148. The property is situated at a signalized intersection, offering visibility on Capitol Avenue and Michigan Street. The property has a size of 3232 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    LUX on Capitol Apartment Building Bike Parking Bicycle Rack Bez Media Media Company

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Dental Office Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.161343
    Latitude
    39.774877

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    FAQs

    What type of property is this?
    Retail space - Retail space in downtown Indianapolis near cultural and educational hubs.
    Where is this retail space located?
    The property is located at 501 N Capitol Ave Indianapolis, IN.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - Premier luxury living complex in Downtown.; - Enjoy the best views of Downtown.; - Close proximity to the Statehouse, Indianapolis Cultural Trail, and Canal Walk.
    (317) 796-2726
    Request Owner's contact information
    501 N Capitol Ave Indianapolis, IN 46204
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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
    501 N Capitol Ave Indianapolis, IN 46204
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