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    2211 Prospect St Indianapolis, IN 46203

    For Lease
    Contact for pricing

    8,140 SF Retail Building, Indianapolis

    Lot size:
    8,140 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This single-tenant retail property, located at 2211 Prospect Street in Indianapolis, Indiana, offers 8,140 square feet of space in a Class C building constructed in 1956. The property sits on a 0.02-acre lot and features a single story design with no elevators. Zoned ZO01, this versatile space is suitable for various uses, including office, creative space, or retail. Ample on-site parking is available, providing convenient access for customers and employees. Its prime location offers easy accessibility to I-65 and is less than a mile from downtown Indianapolis. The property benefits from its proximity to the newly constructed Justice Center and Fountain Square, as well as the recently completed Union Square Mixed-Use Development, a 70-unit luxury residential complex. The Marion County property (APN: 49-10-18-178-006.000-101) presents a unique opportunity for businesses seeking a well-located space in a thriving area of Indianapolis. The zip code is 46203.

    Property Features for 2211 Prospect St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,140 SF
    Class
    C

    Building Details

    Year Built
    1956
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    8,140 SF

    HighLights

    • 8,140 SF of retail space available in an 8,140 SF single‑story building.
    • Suitable for office, creative space, or retail use.
    • Ample on‑site parking.
    • Excellent location near the Justice Center, Fountain Square, and downtown Indianapolis (less than one mile).
    • Easy I‑65 access.
    • Adjacent to a new 70‑unit luxury residential development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Family Dollar Dollar Store Indianapolis Power Solutions Electric Generator Shop LibertyX Bitcoin ATM Atm

    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
    -86.123822049007
    Latitude
    39.752410681935

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    FAQs

    What type of property is this?
    Retail property - 8,140 SF Retail Building, Indianapolis
    Where is this retail property located?
    The property is located at 2211 Prospect St Indianapolis, IN.
    What are key features of this property?
    This property features: 8,140 SF of retail space available in an 8,140 SF single-story building.; Suitable for office, creative space, or retail use.; Ample on-site parking.
    Request Owner's contact information
    2211 Prospect St Indianapolis, IN 46203
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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
    2211 Prospect St Indianapolis, IN 46203
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