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    1011 Massachusetts Ave Indianapolis, IN 46202

    Sponsored
    For Lease
    $15 SF/Yr

    Prime Mass Ave. location, flexible suites.

    Lot size:
    540,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This vibrant 540,000 square foot mixed-use building, originally constructed in 1918 and extensively renovated in 2023, offers a unique opportunity for businesses seeking creative office, retail, or restaurant space in the Mass Ave. submarket. The property boasts 19 suites, with available spaces ranging from 1,100 to 13,770 contiguous square feet, and a total of 40,000 square feet currently vacant. Multiple tenancy options are available, catering to a variety of business needs. The building features convenient access to the Monon and Cultural Trails, with a section of the Pogues Run trail integrated directly into the property, encouraging pedestrian and bicycle traffic. Ample parking is provided with 580 spaces, including a free 80-car lot on-site and an additional 500 spaces across 10th Street. Rental rates start as low as $13 per square foot, making this an attractive option for businesses looking for a cost-effective yet highly visible location. The building's prime location and modern amenities create an ideal environment for growth and success.

    Property Features for 1011 Massachusetts Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    540,000 SF
    Total Rate
    675000

    Building Details

    Year Built/Renovated
    1918/2023

    Unit(s) available at that property

    Space
    Available Space 4
    Size
    4,501 SF
    Rate per SF
    $15
    Space
    Available Space 3
    Size
    4,542 SF
    Rate per SF
    $25
    Space
    Available Space 1
    Size
    2,106 SF
    Rate per SF
    $22
    Space
    Available Space 2
    Size
    1,507 SF
    Rate per SF
    $22

    HighLights

    • 540,000 square foot multi‑tenant building offering retail, office, and restaurant space.
    • Creative office suites available, ranging from 1,100 to 13,770 square feet.
    • 40,000 square feet of vacant space currently available.
    • Building features 580 parking spaces, including an attached 80‑space lot and a nearby 500‑space lot.
    • Located on Mass Ave., near 10th Street, with convenient access to the Monon and Cultural Trails, and Pogues Run trails.
    • Recently renovated in 2023, originally built in 1918.
    Property Profile Location Intelligence

    Current Use by Public Records

    MVMT House Physical Fitness Program

    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
    -86.1386025
    Latitude
    39.7815037

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    FAQs

    What type of property is this?
    Restaurant - Prime Mass Ave. location, flexible suites.
    Where is this restaurant located?
    The property is located at 1011 Massachusetts Ave Indianapolis, IN.
    What is the lease rate?
    The lease rate is $15-$25 SF/Yr.
    What are key features of this property?
    This property features: 540,000 square foot multi-tenant building offering retail, office, and restaurant space.; Creative office suites available, ranging from 1,100 to 13,770 square feet.; 40,000 square feet of vacant space currently available.
    Request Owner's contact information
    1011 Massachusetts Ave Indianapolis, IN 46202
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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
    1011 Massachusetts Ave Indianapolis, IN 46202
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