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    1206 Waterway Blvd Indianapolis, IN 46202

    Sponsored
    For Lease
    $46 SF/Yr

    100,000 SF, flexible suites available.

    Lot size:
    100,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Located at 1206 Waterway Blvd, Indianapolis, IN 46202, this Class A, five-story building offers 100,000 square feet of versatile office space. Ideal for a variety of uses, including traditional office, medical office, executive suites, coworking, and creative office environments. The property features a minimum divisible space of 2,000 square feet and a maximum contiguous space of 22,000 square feet, with 24,000 square feet currently vacant. The building sits on a 50-acre lot and boasts 15' 6" ceilings and 20 watts per rentable square foot of power. This exceptional property is situated in the heart of Indianapolis' thriving research market, making it an excellent location for businesses in the life sciences and biotech industries. The building's design fosters collaboration and innovation, providing a dynamic environment for startups and established professionals alike. This is a unique opportunity to secure space in a state-of-the-art facility within a rapidly growing and highly sought-after area. Multiple tenancy options are available. Contact us today to learn more about leasing opportunities.

    Property Features for 1206 Waterway Blvd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    100,000 SF
    Class
    A
    Total Rate
    383333.33

    Building Details

    Buildings
    1
    Stories
    5

    Unit(s) available at that property

    Space
    Available Space
    Size
    2,000 SF
    Space
    multi-tenant labs
    Size
    22,000 SF
    Rate per SF
    $54

    HighLights

    • 2 miles northwest of Monument Circle in Downtown Indianapolis.
    • Located within Indianapolis's 16 Tech Innovation District.
    • Centrally located along the I‑6x Innovation Corridor.
    • Access to top‑tier research institutions and a strong workforce.
    • Eight 2,000‑SF turnkey lab suites, fully furnished, ideal for startups with flexible lease terms.
    • Multi‑tenant shell lab spaces available, 22,000 SF per floor, for long‑term leases.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Dental Office 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
    -86.1825062
    Latitude
    39.7834112

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    FAQs

    What type of property is this?
    Office space - 100,000 SF, flexible suites available.
    Where is this office space located?
    The property is located at 1206 Waterway Blvd Indianapolis, IN.
    What is the lease rate?
    The lease rate is $0.00-$54 SF/Yr.
    What are key features of this property?
    This property features: 2 miles northwest of Monument Circle in Downtown Indianapolis.; Located within Indianapolis's 16 Tech Innovation District.; Centrally located along the I-6x Innovation Corridor.
    Request Owner's contact information
    1206 Waterway Blvd 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
    1206 Waterway Blvd Indianapolis, IN 46202
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