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    539 Market St Indianapolis, IN 46204

    Sponsored
    For Sale
    $495,000

    Historic building, renovated, great location

    Property size:
    3,162 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This stunning 3,162 square foot creative office building, located at 539 E Market St in Indianapolis, Indiana, presents a unique investment opportunity. Built in 1900 and extensively renovated in 2010, this Class B property boasts a prime location in the heart of downtown, offering easy access to Whole Foods and the vibrant amenities of Mass Ave. The building sits on a 0.26-acre lot encompassing three parcels (1075618, 1068627, and 1074978) and currently includes 8 parking spaces with expansion potential. The property is zoned CBD2 and features a two-story structure with a net rentable area of 2,059 square feet. Currently vacant, this building is priced at $495,000, or $156.55 per square foot, making it an attractive option for owner-occupants or investors seeking a well-maintained, historically significant property in a thriving urban environment. The building's convenient location and recent renovations offer immediate occupancy and the potential for significant return on investment.

    Property Features for 539 Market St

    General Information

    Property type
    Office space
    Square Feet
    3,162 SF
    Class
    B
    Lot Size
    11,326 SF

    Building Details

    Year Built/Renovated
    1900/2010
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • $495,000 asking price for a vacant, 3,162 sq ft Creative Office building.
    • 2,059 sq ft of net rentable space, priced at $156.55/sq ft.
    • Class B building, built in 1900 and renovated in 2010.
    • Located at 539 E Market St, Indianapolis, IN 46204, on a 0.26‑acre lot.
    • Features 8 parking spaces with expansion potential and is zoned CBD2.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Food Market Clothing Store Grocery Store Dental Office Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1475354
    Latitude
    39.767998

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    FAQs

    What type of property is this?
    Office space - Historic building, renovated, great location
    Where is this office space located?
    The property is located at 539 Market St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: $495,000 asking price for a vacant, 3,162 sq ft Creative Office building.; 2,059 sq ft of net rentable space, priced at $156.55/sq ft.; Class B building, built in 1900 and renovated in 2010.
    Request Owner's contact information
    539 Market St Indianapolis, IN 46204
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    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
    539 Market St Indianapolis, IN 46204
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