Historic Flex
New
For Sale
Contact for pricing
640 North Capitol Avenue, Indianapolis, IN 46204
Four-story downtown property combines showroom space with loading access and flexible office, retail, creative, and light industrial applications.
Property Size55,000 SF
Days on Market5
Property Features for 640 North Capitol Avenue
General Information
Standard status
Active
Size
55,000 SF
Property subtype
Retail
Building Details
Building Size
55,000 SF
Year Built
1904
Listing Agency:
ALO Property Group
(317) 281-8847
Listed By:
Ralph Balber · License #RB14044276
(317) 281-8847
Source:
Alopg
Added: Aug 28
Changed: Aug 30
Last Checked: Aug 31 at 2:27PM
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 ALO Property Group
Investment Insights
Based on property information with market context.
Constructed in 1904, this architecturally distinctive flex property at 640 North Capitol Avenue includes approximately 55,000 SF across four floors and a basement. The first floor contains showroom space, while the building’s durable historic construction supports a range of office, retail, showroom, creative, and light industrial uses. Loading infrastructure includes one exterior dock and two drive-in doors.
The property occupies approximately 0.67 acres in downtown Indianapolis and provides approximately 10 surface parking spaces. Zoning is CBD2 with secondary zoning designated RC, offering a clear framework for evaluating future occupancy and reuse plans. Its combination of historic character, substantial floor area, showroom functionality, and multiple loading options gives the building a versatile commercial configuration.
The property occupies approximately 0.67 acres in downtown Indianapolis and provides approximately 10 surface parking spaces. Zoning is CBD2 with secondary zoning designated RC, offering a clear framework for evaluating future occupancy and reuse plans. Its combination of historic character, substantial floor area, showroom functionality, and multiple loading options gives the building a versatile commercial configuration.
Key Highlights
- Approximately 55,000 SF across four floors and a basement
- Constructed in 1904 with durable historic construction and distinctive architectural character
- First‑floor showroom space included
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,490
Businesses Nearby
Balanced
Demand for This Use
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
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Frequently Asked Questions
What type of property is this?
Flex space - Four-story downtown property combines showroom space with loading access and flexible office, retail, creative, and light industrial applications.
Where is this flex space located?
The property is located at 640 North Capitol Avenue Indianapolis, IN.
What are key features of this property?
This property features: Approximately 55,000 SF across four floors and a basement; Constructed in 1904 with durable historic construction and distinctive architectural character; First‑floor showroom space included
