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Renovated Commercial Space in Indianapolis

3755 Washington Blvd, Indianapolis, IN 46205

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For Sale

$1,150,000

Charming, renovated 6,505 SF commercial space with historic character.

Property size:

6,505 SF

Lot size:

0.56 Acres

Price / SF:

$176/SF

HighLights

Prime commercial space offering 6,505 sq ft, fully renovated in 2019, blending historic character with modern amenities.
Centrally located with easy access to downtown Indianapolis, the north side, and major interstates (I‑65, Keystone Ave, College Ave, and Meridian Street).
Zoned C1 on a .56‑acre lot with 30 secured parking spaces.
Conference center (+/- 1100 sq ft) with separate access, seating 58 with tables and 80 standing.
Features a beautiful outdoor patio, balcony with downtown views, fireplaces, leaded glass bookcases, arched doorways, and hardwood floors.
Finished basement with video room and offices, plus a kitchen equipped with commercial coolers and a large microwave.

We can help!

Listing Contact

Josie Lavey

For Sale

$1,150,000

Charming, renovated 6,505 SF commercial space with historic character.

Property size:

6,505 SF

Lot size:

0.56 Acres

Price / SF:

$176/SF

Added:: Dec 17, 2024
Days on Market:: 542
Last Refresh:: Jan 20 at 10:10 am

Property Features for 3755 Washington Blvd

General Information

Standard status: Active
Size: 6,505 SF
Lot size: 0.56 Acres

We can help!

Listing Contact

Josie Lavey

Listing agent Josie Lavey License #RB20001480

Listing office Keller Williams Indpls Metro N

Listing date Dec 17, 2024

Source Exprealty

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 Keller Williams Indpls Metro N

HighLights

Prime commercial space offering 6,505 sq ft, fully renovated in 2019, blending historic character with modern amenities.
Centrally located with easy access to downtown Indianapolis, the north side, and major interstates (I‑65, Keystone Ave, College Ave, and Meridian Street).
Zoned C1 on a .56‑acre lot with 30 secured parking spaces.
Conference center (+/- 1100 sq ft) with separate access, seating 58 with tables and 80 standing.
Features a beautiful outdoor patio, balcony with downtown views, fireplaces, leaded glass bookcases, arched doorways, and hardwood floors.
Finished basement with video room and offices, plus a kitchen equipped with commercial coolers and a large microwave.

Overview

Located at 3755 N Washington Blvd in Indianapolis, this renovated property offers 6,505 square feet of commercial space suitable for various uses. Originally built in 1920 and updated in 2019, the building combines modern amenities with historic character. Zoned C1, the property occupies a 0.56-acre lot and includes 30 secured parking spaces. Its central location provides convenient access to downtown, the north side, and major interstates including I-65, Keystone Ave, College Ave, and Meridian Street. The property features fireplaces, leaded glass bookcases, arched doorways, and hardwood floors, along with an outdoor patio and a second-level balcony with downtown views. The main floor includes restrooms, and there are three full bathrooms upstairs. Potential uses include weddings, conferences, private parties, business events, arts fairs, and women's ministries. A conference center with separate access measures approximately 1100 square feet and seats 58 with tables or 80 standing. The kitchen is equipped with a dishwasher, drinking fountain, sink, commercial coolers, and a large microwave. A small conference room accommodates 10-12 people around a large table. The finished basement includes a video room and offices.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $85,886 @ 7.0% cap · market cap 7.47%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.62M

$1.42M – $1.89M (±1% cap)

NOI $113,343 @ 7.0% cap · market cap 9.86%

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 Consultant Corporate Talent Institute- ... Coaching Center Arise Together Association / Organization

Suggested Use

Location Insight

Map
Local Demand

City: Indianapolis
County: Hamilton
State: Indiana
Longitude: -86.1516
Latitude: 39.8243

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For sale
Wedding venues
IN
Indianapolis
46205
3755 Washington Blvd

What type of property is this?

Wedding venue - Charming, renovated 6,505 SF commercial space with historic character.

Where is this wedding venue located?

The property is located at 3755 Washington Blvd Indianapolis, IN.

What is the asking price?

The asking price for this property is $1,150,000.

What are key features of this property?

This property features: Prime commercial space offering 6,505 sq ft, fully renovated in 2019, blending historic character with modern amenities.; Centrally located with easy access to downtown Indianapolis, the north side, and major interstates (I‑65, Keystone Ave, College Ave, and Meridian Street).; Zoned C1 on a .56‑acre lot with 30 secured parking spaces.