Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    1520 Riverside Dr Indianapolis, IN 46202

    Sponsored
    For Sale
    Contact for pricing

    9,000 SF Office, Prime Location

    Property size:
    9,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 9,000 square foot, two-story office building presents a unique owner-occupant opportunity. Constructed in 1965, the property boasts a desirable location near the 16 Tech innovation district in Indianapolis, Indiana. Situated on a 0.94-acre lot, the building features excellent visibility and accessibility, with existing pylon signage along 16th Street, including electronic messaging capabilities. The property benefits from easy ingress and egress via a signalized intersection at 16th Street and Riverside Drive, and is conveniently located on an IndyGo bus route (lines 15, 25, and 30). The building is classified as Class C and is zoned C-5. The property's address is 1520 E Riverside Dr, Indianapolis, IN 46202 (APN: 49-06-34-123-021.000-101, 49-06-34-123-020.000-101). Furthermore, this location is within an Opportunity Zone, offering potential tax advantages. The building is well-maintained and offers a total of 9,000 square feet of net rentable space. This presents a compelling opportunity for businesses seeking a strategically located and functional office space.

    Property Features for 1520 Riverside Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    9,000 SF
    Class
    C
    Lot Size
    40,946 SF

    Building Details

    Year Built
    1965
    Buildings
    1
    Stories
    2

    HighLights

    • Owner‑occupant opportunity near 16 Tech.
    • 9,000 SF well‑maintained office building.
    • Existing pylon signage with electronic messaging capabilities on 16th Street.
    • Located in an Opportunity Zone.
    • Excellent access via signalized intersection at 16th Street and Riverside Drive.
    • Situated on an IndyGo bus route (15, 25, and 30).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1915844
    Latitude
    39.7885792

    Nearby Similar for Sale

    • $543,000
      0.15 Acres

      High-End Rebuilt Duplex in Indianapolis

      Fully furnished duplex with excellent rental history and modern amenities.
      606/608 N Emerson Ave, Indianapolis, IN 46219
      View Details
    • New
      $1,300,000
      13,400 SF

      Indianapolis Multi-Family Investment Opportunity

      17-unit rental portfolio near I-465 with diverse unit types.
      3805 Biscayne Rd, Indianapolis, IN 46226
      View Details
    • New
      $449,900
      0.14 Acres

      Turnkey Duplex in Downtown Indianapolis

      Luxury duplex with modern finishes and strong rental income.
      1036 N Parker Ave, Indianapolis, IN 46201
      View Details
    • $749,800
      0.26 Acres

      New Construction Duplex in Indianapolis

      Modern duplex near Monon, ideal for investors or owner-occupants.
      2051-2053 Columbia Ave, Indianapolis, IN 46202
      View Details
    • $290,000
      Pending

      Indianapolis Duplex in Englewood Neighborhood

      Investment or owner-occupancy opportunity in thriving Englewood neighborhood.
      233 N Oxford St, Indianapolis, IN 46201
      View Details
    • $425,000
      2,156 SF

      Indianapolis Mixed-Use Property with Daycare

      Two-bedroom home with daycare business opportunity on a large lot.
      839 S Lynhurst Dr, Indianapolis, IN 46241
      View Details
    • $205,000
      Pending

      Indianapolis Duplex Near Eastside

      3-bedroom, 1-bath duplex near downtown Indianapolis.
      1018 N Tuxedo St, Indianapolis, IN 46201
      View Details
    • $375,000
      0.13 Acres

      Updated Duplex Near Monon Trail

      Renovated duplex near Monon Trail, ideal for investors.
      2321 Guilford Ave, Indianapolis, IN 46205
      View Details
    • $240,000
      Pending

      Renovated Duplex in Indianapolis

      Two-story duplex with updated interiors, near Christian Park.
      323-325 N Gladstone Ave, Indianapolis, IN 46201
      View Details
    • $395,000
      0.14 Acres

      Charming Triplex with Cashflow Potential

      Well-maintained triplex with historical charm, ideal for investment or owner-occupancy.
      1102 N Oakland Ave, Indianapolis, IN 46201
      View Details
    • $434,000
      0.16 Acres

      Broad Ripple Multifamily Investment Opportunity

      Four-unit property near Monon Trail and Broad Ripple Avenue.
      5917 Carrollton Ave, Indianapolis, IN 46220
      View Details
    • $224,000
      0.15 Acres

      Turnkey Duplex Close to Downtown

      Updated duplex near downtown Indianapolis, ready for immediate occupancy.
      1020-1022 N Rural St, Indianapolis, IN 46201
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - 9,000 SF Office, Prime Location
    Where is this office property / space located?
    The property is located at 1520 Riverside Dr Indianapolis, IN.
    What are key features of this property?
    This property features: Owner-occupant opportunity near 16 Tech.; 9,000 SF well-maintained office building.; Existing pylon signage with electronic messaging capabilities on 16th Street.
    (317) 210-8803
    Request Owner's contact information
    1520 Riverside Dr Indianapolis, IN 46202
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1520 Riverside Dr
    Indianapolis, IN 46202
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1520 Riverside Dr Indianapolis, IN 46202
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.