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    12 Delaware St Indianapolis, IN 46204

    Sponsored
    For Sale
    $1,450,000

    Historic CBD Office, Retail Opportunity

    Property size:
    12,531 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional three-story, 12,531 square foot office building presents a compelling investment opportunity in Indianapolis' vibrant Central Business District (CBD). Located at 12 N Delaware St, this Class B property boasts a prime location directly across from the Indianapolis City Market redevelopment project, ensuring high visibility and accessibility. Built in 1930, the building features a single tenancy with a mix of office and retail space. The 9,604 square feet of office space is complemented by two street-level retail units, totaling 1,128 square feet, and a 1,739 square foot lower level. The property sits on a 0.08-acre lot and is zoned CBD1, offering flexibility for various uses. An elevator serves all three floors, enhancing convenience and accessibility. The asking price is $1,450,000, and the lease type is NNN. This is an ideal opportunity for a corporate headquarters seeking a prestigious address or an investor looking for a strong return in a rapidly developing area. The property's historical character combined with its modern amenities makes it a truly unique investment prospect in the heart of Indianapolis. The Asset Property Number (APN) is 49-11-01-240-134.000-101.

    Property Features for 12 Delaware St

    General Information

    Property type
    Retail properties
    Square Feet
    12,531 SF
    Class
    B
    Lot Size
    3,485 SF

    Building Details

    Year Built
    1930
    Buildings
    1
    Stories
    3

    HighLights

    • 9,604 SF Office Building
    • Elevator
    • Two (2) Demised Street‑Level Retail Units
    • 1,128 SF Lower Level
    • Across from Indianapolis City Market Redevelopment
    Property Profile Location Intelligence

    Current Use by Public Records

    Sheaffer International Indiana Environmental Program Headlee Law Offices Attorney

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.154732
    Latitude
    39.76749

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    FAQs

    What type of property is this?
    Retail property - Historic CBD Office, Retail Opportunity
    Where is this retail property located?
    The property is located at 12 Delaware St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: 9,604 SF Office Building; Elevator; Two (2) Demised Street-Level Retail Units
    Request Owner's contact information
    12 Delaware 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
    12 Delaware St Indianapolis, IN 46204
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