330 N College Avenue, Indianapolis, IN 46202
SINGLE_FAMILY - Indianapolis, IN
- Added:
- Oct 30, 2025
- Days on Market:
- 225
- Last Refresh:
- Jun 11 at 12:06 am
Property Features for 330 N College Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- HP-1
- Standard status
- Active
- APN
- 491101181057000101
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Fletchers Sub L35 N Pt Ol54
Building Details
- Floors in Building
- 2
Listing agent Fletcher Daly License #RB14032785 (317) 332-7547
Listing office New Quantum Realty Group E Washington St 5610, INDIANAPOLIS, IN (317) 210-2770
Listing date Oct 30, 2025
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Remodeled creative office building in the Lockerbie Historic District with over $300,000 in upgrades completed in 2024
- 8,054 SF workspace plus 527 SF basement space and 550 SF attic storage for added flexibility
- Exposed brick interior design with abundant natural light throughout the office space
- On‑site parking and a 0.24‑acre lot
- Convenient access: 0.5 miles to Mass Ave and the Bottleworks District; nearby I‑65/I‑70 and downtown Indianapolis
- Zoned HP‑1; furniture available
Overview
Set on a 0.24-acre lot, the building includes ample on-site parking. It is described as being in the heart of the Lockerbie Historic District, about 0.5 miles from Mass Ave and the Bottleworks District. Zoning is currently HP-1, and the property is noted as having convenient access to I-65/I-70 and downtown Indianapolis.
The layout and existing character support a range of office and creative uses, particularly for tenants seeking an environment that already blends historic presentation with modern upgrades. The owner highlights that the space could potentially be partially converted for residential use or repurposed toward multiple condo-style units, subject to approvals. Buyer and tenant plans should be reviewed in the context of the HP-1 zoning designation.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $174.0k | $21.60 |
| − Vacancy | −$32.2k | −$4.00 |
| EGI | $141.8k | $17.60 |
| − OpEx | −$35.4k | −$4.40 |
| NOI | $106.3k | $13.20 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.14582
- Latitude
- 39.772083
