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    1520 E Riverside Dr Indianapolis, IN 46202

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    For Sale
    $1,450,000

    9,000 SF office building with pylon signage and ample parking.

    Property size:
    9,000 SF
    Lot size:
    0.86 Acres

    Property Features for 1520 E Riverside Dr

    General Information

    Size
    9,000 SF
    Lot size
    0.86 Acres

    Source: Avison Young | Indianapolis Agent Joel C Miller

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

    Overview

    Well-Maintained Office Building Near 16 Tech

    This 9,000 square foot office building presents an owner-occupant opportunity near 16 Tech. The property is zoned C-5 and features existing pylon signage along 16th Street, equipped with electronic messaging capabilities. It offers convenient access with easy ingress and egress via a signalized intersection at 16th Street and Riverside Drive. The location is also accessible via IndyGo bus routes 15, 25, and 30, with a bus stop located on-site. The property includes 66 parking spots and is situated within an Opportunity Zone.
    Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1914383
    Latitude
    39.7882184

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    FAQs

    What type of property is this?
    Office building - 9,000 SF office building with pylon signage and ample parking.
    Where is this office building located?
    The property is located at 1520 E Riverside Dr Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: - 9,000 SF well-maintained office building near 16 Tech.; - Features 66 parking spots.; - Existing pylon signage along 16th Street with electronic messaging.
    (317) 750-5757
    Request Owner's contact information
    1520 E Riverside Dr 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
    1520 E Riverside Dr Indianapolis, IN 46202
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