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    534 N Capitol Ave Indianapolis, IN 46204

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    For Sale
    $2,899,000

    Prime 0.54 acre redevelopment site in downtown Indianapolis.

    Property size:
    1 SF
    Lot size:
    0.59 Acres

    Property Features for 534 N Capitol Ave

    General Information

    Size
    1 SF
    Lot size
    0.59 Acres

    Source: Colliers Agent Brian Dell

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

    Overview

    Downtown Redevelopment Opportunity

    Located within downtown Indianapolis, specifically bordered by North St, West St, South St and East St, the property at 534 N Capital Avenue comprises 0.54 acres. Zoned CBD2-RC, the site is suitable for redevelopment into either office or multi-family use. The property benefits from its location along the new Redline Bus Route, scheduled to commence operations in the Summer of 2019, and its proximity to the Cultural Trail, situated just half a block away. The location offers convenient access to numerous amenities, including the Downtown Canal Walk, a 3-mile loop providing access to many of those amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    All Star Tire ... Auto Repair Shop

    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
    -86.1616419
    Latitude
    39.7745653

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    FAQs

    What type of property is this?
    Commercial land - Prime 0.54 acre redevelopment site in downtown Indianapolis.
    Where is this commercial land located?
    The property is located at 534 N Capitol Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $2,899,000.
    What are key features of this property?
    This property features: - Prime downtown location within the square mile, ideal for redevelopment.; - Zoned CBD2-RC, suitable for office or multi-family development.; - Located along the new Redline Bus Route.
    (317) 507-9875
    Request Owner's contact information
    534 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
    534 N Capitol Ave Indianapolis, IN 46204
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