Class B Office Building with Rooftop
For Sale
Contact for pricing
1200 S Madison Ave, Indianapolis, IN 46225
Five-story, flexible office building with rooftop patio, loading capabilities, freight elevator, and strong near-CBD access and parking.
Property Size170,211 SF
Days on Market93
Property Features for 1200 S Madison Ave
General Information
Standard status
Active
Size
170,211 SF
Class
Class B
Total Parking Spaces
400
Property subtype
Office
Zoning
C-3; Neighborhood Commercial District
Additional Details
Highway Access
Yes
Building Details
Building Size
170,211 SF
Year Built
1927
Year Renovated
2009
Stories
5
Listed By:
Josh Miller
(586) 202-2340
Source:
Friedmanrealestate
Added: Jun 2
Changed: Aug 8
Last Checked: Sep 1 at 4:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Josh Miller
Investment Insights
Based on property information with market context.
Madison Plaza is a Class B, five-story office building totaling approximately 170,211 gross square feet. The property features large, flexible floor plates with contiguous options intended to accommodate a range of tenant sizes. On-site improvements include a rooftop patio with skyline views, an on-site loading dock, and a freight elevator. With roughly 400 surface parking spaces, the building supports convenient daily access for employees and visitors.
Located approximately 1.4 miles south of the Indianapolis CBD, Madison Plaza offers strong visibility along Madison Avenue and quick access to major interstate corridors, including I-70, I-65, and I-465. The site is described as being positioned in a path-of-progress corridor, with a land use plan identified as Mixed-Use, supporting opportunities for future repositioning.
For tenants and operators, the flexible suite configuration and multi-story layout can fit both established users and growing teams seeking adaptable space. For investors, the offering presents a value-add leasing opportunity through lease-up of existing suites, along with potential redevelopment upside given the stated Mixed-Use land use plan and the ability to request rezoning to a mixed-use district that would permit development with retail, service, office, and residential uses.
Located approximately 1.4 miles south of the Indianapolis CBD, Madison Plaza offers strong visibility along Madison Avenue and quick access to major interstate corridors, including I-70, I-65, and I-465. The site is described as being positioned in a path-of-progress corridor, with a land use plan identified as Mixed-Use, supporting opportunities for future repositioning.
For tenants and operators, the flexible suite configuration and multi-story layout can fit both established users and growing teams seeking adaptable space. For investors, the offering presents a value-add leasing opportunity through lease-up of existing suites, along with potential redevelopment upside given the stated Mixed-Use land use plan and the ability to request rezoning to a mixed-use district that would permit development with retail, service, office, and residential uses.
Key Highlights
- 5‑story Class B office building built in 1927, totaling ±170,211 gross square feet
- Approximately 400 surface parking spaces for tenant and visitor parking
- Multi‑story flexible floor plates with contiguous space options for a range of tenant sizes
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
606
Businesses Nearby
Explore this area
Business Placement
Demographics for 46225, IN
6,503
Population
3,056
Households
2.1
Avg Household Size
35
Median Age
29%
College-Educated
81%
High-School Grad
4.0 sq mi
ZIP Area
1,626
Density / Sq Mi
$47,917
Median Household Income
$36,132
Median Earnings
$1,104
Median Rent
$123,600
Median Home Value
Market
Vacancy Rate% for Office in Indianapolis, IN
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Frequently Asked Questions
What type of property is this?
Office building - Five-story, flexible office building with rooftop patio, loading capabilities, freight elevator, and strong near-CBD access and parking.
Where is this office building located?
The property is located at 1200 S Madison Ave Indianapolis, IN.
What are key features of this property?
This property features: 5‑story Class B office building built in 1927, totaling ±170,211 gross square feet; Approximately 400 surface parking spaces for tenant and visitor parking; Multi‑story flexible floor plates with contiguous space options for a range of tenant sizes
