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    40 Monument Cir Indianapolis, IN 46204

    Sponsored
    For Sale
    $28,000,000

    Prestigious Indianapolis mixed-use trophy asset.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 139,906 square foot, Class A mixed-use property located at 40 Monument Circle in Indianapolis, Indiana. The seven-story building, constructed in 1998, sits on a 0.746-acre lot in the heart of the city's central business district (CBD1 zoning). Currently configured as office and retail space, this owner/user investment offers significant potential. The building boasts an impressive floor plate of over 24,000 rentable square feet, allowing for flexible leasing options up to 100,000+ square feet. The expansive three-story lobby provides a unique opportunity for high-end retail or restaurant development. With unparalleled views and prominent signage rights on Monument Circle, this property offers exceptional visibility in a highly walkable and vibrant downtown area. The asking price is $28,000,000, translating to $200 per square foot. This landmark property presents a rare chance to acquire a prestigious mixed-use asset in a prime Indianapolis location. The building's central location within the state capital and major business hub ensures high tenant demand and strong investment potential.

    Property Features for 40 Monument Cir

    General Information

    Property type
    Mixed-use properties
    Class
    A
    Lot Size
    32,496 SF

    Building Details

    Year Built
    1998
    Buildings
    1
    Stories
    7

    HighLights

    • 139,906 SF Class A mixed‑use building in Indianapolis, IN.
    • Located at 40 Monument Circle in the CBD, on a 0.746‑acre lot.
    • Seven‑story building (1998 construction) with over 24,000 SF floor plates.
    • Offers flexible leasing options up to 100,000+ SF; three‑story lobby ideal for high‑end retail/restaurant.
    • Prominent Monument Circle location with exceptional visibility and signage rights; $28,000,000 asking price ($200/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Wrong number Wine Store Indianapolis Pride Historical ... Historical Landmark Victor Pineda Oil ... Oil Store City Dogs - Monument ... Fast Food Restaurant Bike Parking Bicycle Rack

    Suggested Use

    Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Restaurant Building Supply Daycare Center Kitchen & Bath Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1588814
    Latitude
    39.7679365

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    FAQs

    What type of property is this?
    Mixed-use property - Prestigious Indianapolis mixed-use trophy asset.
    Where is this mixed-use property located?
    The property is located at 40 Monument Cir Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $28,000,000.
    What are key features of this property?
    This property features: 139,906 SF Class A mixed-use building in Indianapolis, IN.; Located at 40 Monument Circle in the CBD, on a 0.746-acre lot.; Seven-story building (1998 construction) with over 24,000 SF floor plates.
    Request Owner's contact information
    40 Monument Cir 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
    40 Monument Cir Indianapolis, IN 46204
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