Property profile

152 E Washington St Indianapolis, IN 46204

FOR SALE
Office Spaces
Property ID
US31-0533471
7,920 SF 0.06 ac lot Built 1932
Entity Owned 10-yr Hold Free & Clear
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152 E Washington St, Indianapolis, IN 46204 For Sale
Contact for pricing 7,920 SF
152 E Washington St, Indianapolis, IN 46204
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Property summary

AI-generated overview

This exceptional 10,000-square-foot office building, located at 152 E Washington Street in Indianapolis, Indiana's vibrant Central Business District, presents a unique investment opportunity. The four-story traditional office building boasts a desirable location, offering excellent visibility and accessibility. Priced at $1,700,000 ($170 per square foot), this property features abundant natural light throughout, creating a bright and uplifting workspace. Extensive renovations were completed in 2016, ensuring modern amenities and functionality. A recently modernized elevator provides convenient access to all four floors. The building also includes ample storage areas, catering to diverse business needs. Its prime location offers immediate access to Indianapolis' Cultural Trail, with convenient shower and bike storage facilities available on-site for those who utilize the trail. The 0.06-acre lot provides a solid foundation for this well-maintained and updated property, making it an ideal acquisition for discerning investors seeking a strong presence in the heart of Indianapolis. The building's modern design and convenient amenities make it an attractive option for a variety of businesses. All 10,000 square feet are net rentable. The property is situated in Marion County, Indiana, with a zip code of 46204. Furniture is available for purchase separately.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1932
Construction WOOD
Total area 7,920 SF
Lot 0.06 ac (2,640 SF)
Zoning code ZO01
APN 49-11-01-240-132.000-101
UPID US31-0533471

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Corporate Office

Location

152 E Washington St Indianapolis, IN 46204
Indianapolis metro Census 391002 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$947k
Blend (final) Blend
$750k

Owner & transaction history

since 2015
4 recorded transactions
2017
Price N/A
2016
Price N/A
2015
$760,000
1969
Price N/A

Zoning & alternative use

ZO01 · Indianapolis, IN
Top alternative use upside
Auto repair, garage $630,000 +6.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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