Class A Office Building with
For Sale
Contact for pricing
40 Monument Cir, Indianapolis, IN 46204
Class A three-story office building with expansive atrium and multiple outdoor terraces.
Property Size139,906 SF
Price / SF$250.17
Days on Market491
Property Features for 40 Monument Cir
General Information
Standard status
Active
Size
139,906 SF
Class
A
Property subtype
OFFICE
Financials
Business Included
No
Opportunity Zone
Yes
Amenities
outdoor terraces
three-story atrium
Listing Agency:
Cushman & Wakefield | Indianapolis
(317) 634-6363
Listed By:
Rebecca Wells · License #RB14043265
Source:
Moodyscre
Added: Apr 2, 2025
Changed: Jul 28
Last Checked: Jul 28 at 7:49PM
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 Cushman & Wakefield | Indianapolis
Investment Insights
Based on property information with market context.
This Class A office building features an expansive three-story atrium and multiple outdoor terraces. The property includes air rights to build over the garage, along with a right of first refusal to acquire the garage, for additional Class A space. An office is available with coveted signage rights and visibility.
The property is located at 40 Monument Cir in Indianapolis, Indiana, with terraces described as offering views of Monument Circle.
The offering is presented as an owner-user trophy asset and also notes Opportunity Zone tax advantages for investors.
The property is located at 40 Monument Cir in Indianapolis, Indiana, with terraces described as offering views of Monument Circle.
The offering is presented as an owner-user trophy asset and also notes Opportunity Zone tax advantages for investors.
Key Highlights
- Class A three‑story office building with an expansive three‑story atrium
- Multiple outdoor terraces with views of Monument Circle
- Prestigious Monument Circle address with timeless architectural detail
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 | $3.02M | $21.60 |
| − Vacancy | −$559.1k | −$4.00 |
| EGI | $2.46M | $17.60 |
| − OpEx | −$615.7k | −$4.40 |
| NOI | $1.85M | $13.20 |
139,906 SF · lease $21.60/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$26.39M
$23.09M – $30.79M
NOI $1,847,179 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$34.82M
$30.47M – $40.63M
NOI $2,437,722 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,857
Businesses Nearby
Explore this area
Business Placement
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 Office in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Class A three-story office building with expansive atrium and multiple outdoor terraces.
Where is this office building located?
The property is located at 40 Monument Cir Indianapolis, IN.
What is the asking price?
The asking price for this property is $35,000,000.
What are key features of this property?
This property features: Class A three‑story office building with an expansive three‑story atrium; Multiple outdoor terraces with views of Monument Circle; Prestigious Monument Circle address with timeless architectural detail
