Renovated Commercial Space in
3755 North Washington Boulevard, Indianapolis, IN 46205
Fully renovated 6,505 SF commercial space in prime location.
Type:OFC
Property size:
6,505 SFLot size:
0.56 AcresPrice / SF:
$184/SF- Added:
- Jul 31, 2025
- Days on Market:
- 306
- Last Refresh:
- Apr 3 at 5:01 am
Property Features for 3755 North Washington Boulevard
General Information
- Standard status
- Active
- Size
- 6,505 SF
- Lot size
- 0.56 Acres
- Property subtype
- OFC
Listing agent Josie Lavey License #RB20001480, Indiana (270) 804-2473
Listing office Merrill Property Group (270) 804-2473
Listing date Jul 31, 2025
Source Realnex
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 Merrill Property Group
HighLights
- Prime commercial space offering 6,505 square feet.
- Centrally located with easy access to downtown, the north side, and major interstates.
- Benefit from 30 secured parking spaces on a .56‑acre lot.
- Fully renovated in 2019 with modern amenities.
- Zoned C1, suitable for a variety of uses.
- Retaining historic character from its 1920 construction.
Overview
Located at 3755 N Washington Blvd in Indianapolis, this renovated property offers 6,505 square feet of commercial space suitable for a variety of uses. Constructed in 1920 and fully updated in 2019, the building combines historic character with modern amenities. The property is zoned C1 and is situated on a 0.56-acre lot. It includes 30 secured parking spaces. The location provides convenient access to downtown, the north side, and major interstates, making it centrally accessible within Indianapolis.
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 | $140.5k | $21.60 |
| − Vacancy | −$26.0k | −$4.00 |
| EGI | $114.5k | $17.60 |
| − OpEx | −$28.6k | −$4.40 |
| NOI | $85.9k | $13.20 |
6,505 SF · lease $21.60/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.23M
$1.07M – $1.43M
NOI $85,886 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,343 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
VIP Center for Business ...
Hotel & Motel
ANGIE NUTTLE COACHING
Coaching Center
Corporate Talent Institute- ...
Coaching Center
Arise Together
Association / Organization
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.15157
- Latitude
- 39.82428
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Fully renovated 6,505 SF commercial space in prime location.
Where is this office building located?
The property is located at 3755 North Washington Boulevard Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Prime commercial space offering 6,505 square feet.; Centrally located with easy access to downtown, the north side, and major interstates.; Benefit from 30 secured parking spaces on a .56‑acre lot.
