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Mixed-Use Building with Parking Access
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365 N Illinois St, Indianapolis, IN 46204

CBD-3 zoning, adjacent garage parking, and street parking serve a walkable downtown setting.

Property Size19,840 SF
Price / SF$95.77
Days on Market6

Property Features for 365 N Illinois St

General Information

Standard status Active
Size 19,840 SF
Class B
Property subtype Retail, Office
Zoning CBD-3 (Central Business District)
Lease Type NNN
Investment Type Value Add

Additional Details

Highway Access Yes

Amenities

parking garage
street parking

Building Details

Year Built 1880
Buildings 1
Stories 3
Units 4
Tenancy Multi
Listing Agency: C21 Commercial
Listed By: Jodi Milto · License #IN
Source: Crexi
Added: Aug 27 Changed: Aug 31 Last Checked: Aug 31 at 9:17PM

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 C21 Commercial

Investment Insights

Based on property information with market context.

This mixed-use property contains 19,840 square feet and was built in 1880. The building carries CBD-3, or Central Business District, zoning, supporting its established downtown commercial context.

Parking is available through an adjacent garage and street parking. The property is located in a walkable downtown area with convenient connections to I-65 and I-70, providing access to major regional routes.

Key Highlights

  • 19,840‑square‑foot mixed‑use property
  • CBD‑3 (Central Business District) zoning
  • Built in 1880

Property Analytics

Current Use

Landwerlen Leather Co Department Store El Toro Bravo ... Restaurant

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Electrical Service Storage Facility Veterinary Clinic Discount Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

5,346
Businesses Nearby

Demographics for 46204, IN

9,086
Population
6,582
Households
1.4
Avg Household Size
31
Median Age
61%
College-Educated
90%
High-School Grad
1.1 sq mi
ZIP Area
8,260
Density / Sq Mi
$88,081
Median Household Income
$69,226
Median Earnings
$1,686
Median Rent
$350,400
Median Home Value

Market

Vacancy Rate% for Retail in Indianapolis, IN

6.6% 2019
7.4% 2020
6.4% 2021
5% 2022
4.7% 2023
4.6% 2024
4.8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - CBD-3 zoning, adjacent garage parking, and street parking serve a walkable downtown setting.
Where is this mixed-use property located?
The property is located at 365 N Illinois St Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 19,840‑square‑foot mixed‑use property; CBD‑3 (Central Business District) zoning; Built in 1880
More about this property
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