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    407 N Fulton St Indianapolis, IN 46202

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    For Sale
    $7,350,000

    Historic three-story building with parking and multi-tenant income.

    Property size:
    51,432 SF
    Lot size:
    1.23 Acres

    Property Features for 407 N Fulton St

    General Information

    Size
    51,432 SF
    Lot size
    1.23 Acres

    Source: Colliers Agent Rich Forslund

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

    Overview

    Historic Building in Lockerbie Neighborhood

    Located in the Lockerbie neighborhood of Indianapolis, Indiana, 407 Fulton St is a historic three-story building. Originally known as Public School No. 9, the property has a rich history dating back over a century and served as a public school. The property has CBD-2 & I-3 zoning and offers approximately 120 striped parking spaces, with additional spaces available. The building features high and exposed ceilings, exposed brick, and terrazzo and wood flooring. Large windows provide great natural light. The property offers interstate visibility and the potential for strong corporate identity via building exterior signage. It combines historic charm with modern mechanics and provides existing multi-tenant income. The property is situated on 1.67 total acres and has 51,432 square feet of space. It is within walkable proximity to a large amenity base.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    DocRaptor Software Company WTTS Radio Broadcaster Young & Laramore Advertising Agency Echo Point Media Advertising Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.143808
    Latitude
    39.772885

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    FAQs

    What type of property is this?
    Office building - Historic three-story building with parking and multi-tenant income.
    Where is this office building located?
    The property is located at 407 N Fulton St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $7,350,000.
    What are key features of this property?
    This property features: - Historic building in Lockerbie neighborhood with interstate visibility and strong corporate identity via building exterior signage; - Existing multi-tenant income; - Benefit from ± 120 striped parking spaces (additional available) on 1.67 total acres
    (317) 507-8591
    Request Owner's contact information
    407 N Fulton St Indianapolis, IN 46202
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    Indianapolis, IN 46202
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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
    407 N Fulton St Indianapolis, IN 46202
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