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    211 Ritter Ave Indianapolis, IN 46219

    Sponsored
    For Lease
    $18 SF/Yr

    Modern office, historic Irvington, ample parking.

    Lot size:
    18,581 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 18,581 square foot office building, located at 211 S. Ritter Ave in Indianapolis, Indiana's vibrant Irvington submarket, presents a unique opportunity. Built in 1973 and extensively renovated in 2022, this two-story building offers a blend of historic charm and modern functionality. The property features a "Traditional Office" and "Creative Office" layout, perfect for a variety of businesses. The modern open-concept design provides flexible workspace solutions. Tenancy is multiple, allowing for diverse occupancy. The building boasts 34 parking spaces, a significant advantage in this desirable location. An elevator services both floors, ensuring accessibility. The property is zoned CS and benefits from a new HVAC system. High-speed network availability is also a feature (though not included in rent). A shared conference room adds convenience. Utilities are included in the rental rate. A minimum two-year lease is required. This property is ideally situated near the Pennsy Trail, offering employees convenient access to recreational opportunities. This is a rare opportunity to secure a well-maintained, modern office space in the highly sought-after Irvington neighborhood.

    Property Features for 211 Ritter Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,581 SF
    Total Rate
    27871.5

    Building Details

    Year Built/Renovated
    1973/2022
    Stories
    2

    Unit(s) available at that property

    Space
    Suite G
    Size
    828 SF
    Rate per SF
    $18

    HighLights

    • 18,581 SF office building in Indianapolis' Irvington submarket.
    • Completely renovated in 2022, offering a blend of historic charm and modern functionality.
    • Features a flexible layout suitable for various businesses, with multiple tenants.
    • 34 parking spaces and an elevator.
    • CS zoning, new HVAC system, and high‑speed internet availability (rent not included).
    • Utilities included, shared conference room, and minimum two‑year lease required.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lisa's Therapeutic Massage ... Massage Therapist Tailored Design Co Graphic Designer Inhabit Manufacturer Keira's Tax Service ... Boutique Evolve Beauty Supplies Beauty Supply Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.07313034
    Latitude
    39.76740122

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    FAQs

    What type of property is this?
    Office space - Modern office, historic Irvington, ample parking.
    Where is this office space located?
    The property is located at 211 Ritter 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: 18,581 SF office building in Indianapolis' Irvington submarket.; Completely renovated in 2022, offering a blend of historic charm and modern functionality.; Features a flexible layout suitable for various businesses, with multiple tenants.
    Request Owner's contact information
    211 Ritter Ave Indianapolis, IN 46219
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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
    211 Ritter Ave Indianapolis, IN 46219
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