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    1213 Arlington Ave Indianapolis, IN 46219

    Sponsored
    For Sale
    $2,900,000

    32,036 SF Office, $2.9M Asking

    Property size:
    32,036 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional C-Class executive office building, situated on a 3.08-acre lot in Indianapolis, Indiana, presents a compelling investment opportunity. The property, located at 1213 N Arlington Ave, zip code 46219, boasts a substantial 32,036 square feet of space, currently zoned C1. Built in 1971, the building offers approximately 25,000 square feet of office space and an additional 7,000 square feet of ground-floor retail space, ideal for a variety of uses. Ample parking is provided with 130 spaces available on-site. The asking price is $2,900,000, translating to a price per square foot of $90.52. Its strategic location offers convenient access to major transportation arteries, including I-70 and I-465, placing it within a 15-minute drive of downtown Indianapolis via Washington Street and just one mile from Community Hospital East. This presents a unique chance to acquire a well-positioned, sizable commercial property in a thriving area of Indianapolis. The building's size and layout offer significant flexibility for a variety of business needs, making it an attractive prospect for both owner-occupiers and investors. The property's substantial lot size also allows for potential future expansion or redevelopment. This is a rare opportunity to acquire a significant commercial property in a desirable location.

    Property Features for 1213 Arlington Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    32,036 SF
    Class
    C
    Lot Size
    134,165 SF

    Building Details

    Year Built
    1971

    HighLights

    • $2,900,000 asking price for this 32,036 square foot office building.
    • Class C office building, 1971 construction.
    • Located at 1213 N Arlington Ave, Indianapolis, IN 46219, on a 3.08‑acre lot.
    • Features 130 parking spaces and C1 zoning.
    • $90.52 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Family and Social Services ... Social Services Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0635422
    Latitude
    39.7848441

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    FAQs

    What type of property is this?
    Office Property / Space - 32,036 SF Office, $2.9M Asking
    Where is this office property / space located?
    The property is located at 1213 Arlington Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: $2,900,000 asking price for this 32,036 square foot office building.; Class C office building, 1971 construction.; Located at 1213 N Arlington Ave, Indianapolis, IN 46219, on a 3.08-acre lot.
    (317) 403-0903
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    1213 Arlington Ave Indianapolis, IN 46219
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    Indianapolis, IN 46219
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    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
    1213 Arlington Ave Indianapolis, IN 46219
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