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    1010 Central Ave Indianapolis, IN 46202

    Sponsored
    For Lease
    $17 SF/Yr

    Move-in ready suites, ample parking, great amenities.

    Lot size:
    71,872 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 71,872 square foot office building, located at 1010 Central Avenue in Indianapolis, Indiana (zip code 46202), offers a variety of executive and traditional office spaces for lease. The building, constructed in 1895 and renovated in 2012, is a three-story Class B property situated on a 1.99-acre lot (86,532 square feet) and features 86 total suites. Individual suites are available, with a minimum divisible space of 3,412 square feet and a maximum contiguous space of 3,412 square feet. The building boasts 90 parking spaces, a significant benefit in the downtown area. Amenities include free onsite reserved parking for office tenants, free access to a fitness center and community room, and a media room with stadium seating. The community room offers free Wi-Fi, cable TV, and workspace. The building provides 24-hour secured access and is conveniently located near numerous amenities. The property is zoned CBD-2 and its APN is 49-06-36-174-032.000-101. The building's location is in the St. Joseph MF submarket, within the Downtown Indianapolis MF submarket cluster. Hardwood floors are featured throughout the available space. This is a multi-tenant building.

    Property Features for 1010 Central Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    71,872 SF
    Class
    B
    Total Rate
    104813.33

    Building Details

    Year Built/Renovated
    1895/2012
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    3,412 SF
    Rate per SF
    $17

    HighLights

    • 24/7 Secure Access
    • State‑of‑the‑art Media Room
    • On‑site Fitness Center
    • Community Room
    • One Mile to Downtown Indianapolis
    Property Profile Location Intelligence

    Current Use by Public Records

    1010 Central Apartments Apartment Building Root & Relic Florist Bike Parking Bicycle Rack

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Daycare Center 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
    -86.1496588
    Latitude
    39.7812935

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    FAQs

    What type of property is this?
    Office Property / Space - Move-in ready suites, ample parking, great amenities.
    Where is this office property / space located?
    The property is located at 1010 Central Ave Indianapolis, IN.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 24/7 Secure Access; State-of-the-art Media Room; On-site Fitness Center
    Request Owner's contact information
    1010 Central Ave 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
    1010 Central Ave Indianapolis, IN 46202
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