Mixed-Use Building with
6406 Cornell Ave Indianapolis, IN 46220
6406 Cornell Ave, Indianapolis, IN, 46220
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For Sale
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Architecturally distinctive mixed-use building with above-grade space on two floors plus a full basement.
Property Size6,977 SF
Price / SF$394.15
Days on Market112
Property Features for 6406 Cornell Ave
General Information
- Standard status
- Active
- Size
- 6,977 SF
- Property subtype
- Hospitality, Office, Retail, Special Purpose
Building Details
- Year Built
- 2018
Listing agency
Assemble Real Estate
Listed by
Lily Smith · License #RB14044176
Source
Crexi
Added: Apr 3 Updated: Jul 22 at 9:46PM Checked: Jul 22 at 9:46PM
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 Assemble Real Estate
Investment Insights
Based on property information with market context.
This architecturally distinctive mixed-use building offers space designed for flexible use. The property includes 4,437 square feet above grade across two floors, along with a full basement that expands usable area. Dedicated outdoor patio and balcony areas overlook the Monon Trail, creating an outdoor component that can support both customer-facing and tenant-facing programming.
The building is served by eight dedicated on-site parking spaces. It is described as highly visible and positioned with strong surrounding foot traffic in the heart of Broad Ripple.
As configured, the building supports multiple occupancy formats, including office, retail, restaurant, creative studio, or event space use, making it suitable for a variety of owner-occupants and investors.
The building is served by eight dedicated on-site parking spaces. It is described as highly visible and positioned with strong surrounding foot traffic in the heart of Broad Ripple.
As configured, the building supports multiple occupancy formats, including office, retail, restaurant, creative studio, or event space use, making it suitable for a variety of owner-occupants and investors.
Key Highlights
- 2018‑built architecturally distinctive mixed‑use building at 6406 Cornell Ave
- 6,977 SF total space including a full basement; 4,437 SF above grade across two floors
- Flexible layout for office, retail, restaurant, creative studio, or event space users
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 | $150.7k | $21.60 |
| − Vacancy | −$27.9k | −$4.00 |
| EGI | $122.8k | $17.60 |
| − OpEx | −$30.7k | −$4.40 |
| NOI | $92.1k | $13.20 |
6,977 SF · lease $21.60/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.32M
$1.15M – $1.54M
NOI $92,117 @ 7.0% cap · market cap 3.35%
Second Best
Specialty Retail
$1.24M
$1.09M – $1.45M
NOI $87,125 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,567 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Just Pop In!
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Architecturally distinctive mixed-use building with above-grade space on two floors plus a full basement.
Where is this mixed-use property located?
The property is located at 6406 Cornell Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 2018‑built architecturally distinctive mixed‑use building at 6406 Cornell Ave; 6,977 SF total space including a full basement; 4,437 SF above grade across two floors; Flexible layout for office, retail, restaurant, creative studio, or event space users
