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    602 Capitol Ave Indianapolis, IN 46204

    For Lease
    $18 SF/Yr

    5,547 SF Office Suite Available Now

    Lot size:
    19,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 5,547 square foot office space, located on the second floor of a Class B building in Indianapolis' Central Business District (CBD), offers a unique blend of traditional and creative office environments. The suite is immediately available for lease and boasts a flexible layout perfect for a variety of businesses. The building itself totals 19,000 square feet and is comprised of only two suites, ensuring a quiet and professional atmosphere. This particular suite offers ample natural light and is ideally situated for easy access to key Indianapolis attractions. Eleven dedicated parking spots are included, supplemented by readily available street parking. The property's prime location provides unparalleled convenience, with a short walk to the Indianapolis Cultural Trail, the IUPUI campus, the Indiana Statehouse, Mass Avenue, and Monument Circle. This presents a rare opportunity to secure a substantial, well-located office space in the heart of Indianapolis' vibrant downtown core. The building features two stories and is situated near North Street. The Marion County location provides easy access to major transportation routes and amenities. This is a multi-tenant building, offering a collaborative yet private work environment.

    Property Features for 602 Capitol Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    19,000 SF
    Class
    B
    Total Rate
    28500

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    Sutie 250
    Size
    5,547 SF
    Rate per SF
    $18

    HighLights

    • 19,000 SF, Class B, two‑story office building with multiple suites.
    • 5,547 SF of vacant, contiguous creative office space available on the second floor.
    • The space includes 11 dedicated parking spots, plus street parking.
    • Excellent CBD location, within walking distance of the Indianapolis Cultural Trail, IUPUI, Indiana Statehouse, Mass Ave, and Monument Circle.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tide Cleaners Dry Cleaner Ivan Barratt Property Management Company Creative Engineering Solutions Engineer Tide Dry Cleaners Dry Cleaner

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Dental Office 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
    -86.1618625
    Latitude
    39.7757903

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    FAQs

    What type of property is this?
    Office space - 5,547 SF Office Suite Available Now
    Where is this office space located?
    The property is located at 602 Capitol Ave Indianapolis, IN.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 19,000 SF, Class B, two-story office building with multiple suites.; 5,547 SF of vacant, contiguous creative office space available on the second floor.; The space includes 11 dedicated parking spots, plus street parking.
    Request Owner's contact information
    602 Capitol Ave 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
    602 Capitol Ave Indianapolis, IN 46204
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