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    1718 W 15Th St Indianapolis, IN 46202

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    For Sale
    $1,221,000

    8,140 SF flex space renovated in 2021 on 0.36 acres.

    Property size:
    8,140 SF
    Lot size:
    0.36 Acres

    Property Features for 1718 W 15Th St

    General Information

    Size
    8,140 SF
    Lot size
    0.36 Acres

    Source: CBRE | Indianapolis Agent Jeff Merritt

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

    Overview

    Renovated Flex Space with Variance

    This 8,140 square foot flex space property, situated on approximately 0.36 acres, was completely renovated in 2021. The renovation included all new HVAC throughout, plumbing, electrical systems, and a new roof. The property features three large bedrooms that could be converted into offices, along with three restrooms equipped with showers. A common living area includes a kitchen, pantry, and laundry facilities. The layout includes open areas on both the first floor and in the basement. There is a generous parking area with a drain that has been recently seal coated. The property also includes one drive-in door and a rooftop deck. Zoned C-5, the current use is residential, operating under a variance.
    Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    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.

    Similar Places Nearby

    The Cooking Besties

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1914702
    Latitude
    39.7879575

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    FAQs

    What type of property is this?
    Flex space - 8,140 SF flex space renovated in 2021 on 0.36 acres.
    Where is this flex space located?
    The property is located at 1718 W 15Th St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $1,221,000.
    What are key features of this property?
    This property features: - Completely renovated in 2021 with all new HVAC, plumbing, electrical, and roof.; - 8,140 SF on ±0.36 Acres offers substantial space.; - Zoned C-5, allowing for commercial use (with variance), but currently residential.
    (317) 269-1000
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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
    1718 W 15Th St Indianapolis, IN 46202
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