Storefront Space with High
New
For Sale
$3,500,000
725 Massachusetts Ave, Indianapolis, IN 46204
Storefront space in downtown Indianapolis with high ceilings, modern architecture, and ample natural light.
Days on Market3
Property Features for 725 Massachusetts Ave
General Information
Standard status
Active
Property subtype
Street Retail
Building Details
Building Size
14,382 SF
Year Built
1900
Listing Agency:
Halakar, LLC
(317) 536-0218
Listed By:
Colton Snodgrass · License #RB18001545
(317) 536-0218
Source:
Thebrokerlist
Added: Jul 29
Changed: Jul 31
Last Checked: Jul 31 at 12:28AM
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 Halakar, LLC
Investment Insights
Based on property information with market context.
Storefront commercial space at 725 Massachusetts Ave in Indianapolis, built in 1900, offering modern architecture with high ceilings and ample natural light. The layout provides an inviting interior for retail or service concepts that benefit from an open, naturally lit environment.
Positioned in the heart of downtown, the property is described as having convenient access and visibility. The surrounding area is characterized as a hub of commerce, culture, and entertainment, with nearby attractions including the Mass Ave Arts District and Monument Circle.
The space is presented as a flexible option for businesses that want a downtown storefront presence in a highly active mixed-use setting.
Positioned in the heart of downtown, the property is described as having convenient access and visibility. The surrounding area is characterized as a hub of commerce, culture, and entertainment, with nearby attractions including the Mass Ave Arts District and Monument Circle.
The space is presented as a flexible option for businesses that want a downtown storefront presence in a highly active mixed-use setting.
Key Highlights
- High‑ceiling storefront space with modern architecture
- Ample natural light throughout the space
- Built in 1900
Financial Insights For Retail
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 | $241.6k | $16.80 |
| − Vacancy | −$20.5k | −$1.43 |
| EGI | $221.1k | $15.37 |
| − OpEx | −$66.3k | −$4.61 |
| NOI | $154.8k | $10.76 |
14,382 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.21M
$1.93M – $2.58M
NOI $154,756 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.58M
$3.13M – $4.18M
NOI $250,592 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,956
Businesses Nearby
Well-served
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 Retail in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Storefront space in downtown Indianapolis with high ceilings, modern architecture, and ample natural light.
Where is this storefront property located?
The property is located at 725 Massachusetts Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: High‑ceiling storefront space with modern architecture; Ample natural light throughout the space; Built in 1900
