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    140 Washington St Indianapolis, IN 46204

    For Lease
    $11 SF/Yr

    Prime location, flexible spaces, immediate occupancy.

    Lot size:
    22,440 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional commercial property, located at 140 E Washington St, Indianapolis, IN 46204, offers 22,440 square feet of versatile space in a vibrant Central Business District setting. The building, constructed in 1956 and renovated in 2010, is a two-story Class B structure encompassing a single building on 0.2 acres. The property features multiple suites, with a minimum divisible space of 150 square feet and a maximum contiguous space of 7,480 square feet. Currently, all 22,440 square feet are vacant and ready for immediate occupancy. The zoning is CBD-1, allowing for a variety of uses including retail, office, co-working, and creative office spaces. The building includes one hydraulic elevator and four parking spaces. Property taxes are $2.75 per square foot. Utilities are electric. This ground-floor retail storefront boasts high pedestrian traffic on Washington Street, providing excellent visibility and walkability. The APN is 18097391002. This is an unparalleled opportunity to establish a presence in a thriving downtown Indianapolis location. The property's flexible space options cater to a wide range of business needs, making it an ideal investment for entrepreneurs and established businesses alike. The cross street is Delaware.

    Property Features for 140 Washington St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,440 SF
    Class
    B
    Total Rate
    21318

    Building Details

    Year Built/Renovated
    1956/2010
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    7,480 SF
    Rate per SF
    $18
    Space
    Available Spaces Range from:
    Size
    14,960 SF
    Rate per SF
    $19

    HighLights

    • 22,440 SF of versatile space in Indianapolis' Central Business District.
    • Two‑story, Class B building on 0.2 acres, built in 1956, renovated in 2010.
    • Fully vacant, ready for immediate occupancy; divisible suites from 150 SF to 7,480 SF contiguous.
    • CBD‑1 zoning allows for retail, office, co‑working, and creative office uses.
    • Features one hydraulic elevator and four parking spaces; property taxes are $2.75/SF.
    • Located at 140 E Washington St, Indianapolis, IN 46204 (APN 18097391002); high pedestrian traffic and excellent street visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Indiana Repertory Theatre Performing Arts Theater Bike Parking Bicycle Rack Encore Catering Caterer Marion County Community ... Government Office IRT Corporate Office

    Suggested Use

    Realty agency Spa & Massage Dental Office Hair Salon Restaurant Nail Salon Building Supply Daycare Center Kitchen & Bath 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
    -86.1549251
    Latitude
    39.767428

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    FAQs

    What type of property is this?
    Individual retail property - Prime location, flexible spaces, immediate occupancy.
    Where is this individual retail property located?
    The property is located at 140 Washington St Indianapolis, IN.
    What is the lease rate?
    The lease rate is $18-$19 SF/Yr.
    What are key features of this property?
    This property features: 22,440 SF of versatile space in Indianapolis' Central Business District.; Two-story, Class B building on 0.2 acres, built in 1956, renovated in 2010.; Fully vacant, ready for immediate occupancy; divisible suites from 150 SF to 7,480 SF contiguous.
    Request Owner's contact information
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    Indianapolis, IN 46204
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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
    140 Washington St Indianapolis, IN 46204
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