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    550 Washington St Indianapolis, IN 46204

    Sponsored
    For Lease
    $18 SF/Yr

    Historic Indy building, flexible office suites.

    Lot size:
    48,041 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional coworking space at 550 E Washington St, Indianapolis, IN 46204, offers a unique blend of historic charm and modern functionality. Located in a Class B building constructed in 1925, this three-story property boasts a total of 48,041 square feet, with 14,825 square feet currently available for lease. The space is ideal for businesses seeking flexible office solutions, with minimum divisible units of 3,072 square feet and a maximum contiguous space of 6,373 square feet. Multiple tenancy options are available to accommodate various business needs and sizes. The building provides ample parking with 60 spaces for tenants and their clients. This prime Indianapolis location offers easy access to the city's vibrant downtown core, providing excellent visibility and convenient access to amenities. The property's rich history and modern updates create a compelling workspace for businesses seeking a unique and productive environment. The available space presents a fantastic opportunity for companies looking to establish a presence in a thriving urban setting. Inquire today to learn more about leasing options and explore the possibilities of this exceptional coworking space.

    Property Features for 550 Washington St

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    48,041 SF
    Class
    B
    Total Rate
    74063.21

    Building Details

    Year Built
    1925
    Stories
    3

    Unit(s) available at that property

    Space
    Third Floor Space 3
    Size
    14,825 SF
    Rate per SF
    $18

    HighLights

    • $18.50/SF, full‑service lease rate.
    • Adjacent to Milhaus's Grid, a new retail/multifamily development.
    • 3,532 - 14,825 SF available on the 3rd floor.
    • Close proximity to downtown Indianapolis amenities.
    • Excellent access to I‑65 and I‑70.
    • Abundant natural light.
    Property Profile Location Intelligence

    Current Use by Public Records

    Trine University - Indianapolis ... Adult Education School Milhaus Real Estate Developer Education Management Corporation College

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1475915
    Latitude
    39.7672417

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    FAQs

    What type of property is this?
    Coworking space - Historic Indy building, flexible office suites.
    Where is this coworking space located?
    The property is located at 550 Washington St Indianapolis, IN.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: $18.50/SF, full-service lease rate.; Adjacent to Milhaus's Grid, a new retail/multifamily development.; 3,532 - 14,825 SF available on the 3rd floor.
    Request Owner's contact information
    550 Washington St Indianapolis, IN 46204
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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
    550 Washington St Indianapolis, IN 46204
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