1828 Central AveIndianapolis, IN 46202

This exceptional mixed-use investment opportunity presents a 7,918-square-foot creative office building located at 1828 Central Avenue in Indianapolis, Indiana. The property, built in 1999 and extensively renovated in 2020, boasts a Class B designation and features a desirable C3 zoning. Currently occupied by a credit-rated tenant under a modified gross lease, the property offers a stable income stream with a 6.80% cap rate and a pro-forma cap rate of 7.56%. The existing lease, commencing June 1, 2023, and expiring June 29, 2029, has five years remaining, with a built-in 4% annual rent increase. The 100% occupancy provides a current NOI of $170,000, projected to increase to $189,000. The property includes 15 parking spaces and sits on a 0.26-acre lot. The open floor plan with exposed brick walls offers significant flexibility for future use. The strong tenant and lease terms, combined with the prime location in a redeveloping area of Indianapolis, make this a compelling investment opportunity. The property's location offers heavy daytime traffic and benefits from the recent revitalization of the surrounding neighborhood. The lease includes a renewal option, providing long-term stability and potential for future upside. This is a rare chance to acquire a well-maintained, income-producing asset in a rapidly growing market.