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Property profile & analytics
OFF-MARKET
Office Spaces

1501 16Th St Indianapolis, IN 46202

149,388 SF
Property ID
Property summary
AI-generated overview

This exceptional medical office building, known as Historic Bush Stadium, offers a unique opportunity in Indianapolis, Indiana. Located at 1501 W 16th St, in the heart of Marion County, this property boasts a total of 149,388 square feet of space, with ample free parking available for tenants and visitors. The building is currently configured for multiple tenancies, offering flexible options for businesses of various sizes. Spaces range from a minimum divisible unit of 21,000 square feet to a maximum contiguous space of 120,000 square feet, with a significant 141,000 square feet currently vacant. This presents a rare chance to acquire a substantial footprint in a thriving location. The property is ideally suited for medical practices seeking expansive, adaptable space. The building's strategic location within the 16 Tech innovation district and its adjacency to a $23 million mixed-use development project further enhance its appeal and potential for growth. Options for sale, lease, or build-to-suit are available, providing considerable flexibility to meet specific business needs. This is a remarkable opportunity to establish or expand a medical practice in a highly desirable and rapidly developing area of Indianapolis. The property's rich history and modern amenities combine to create an unparalleled setting for medical professionals. Contact us today to explore the possibilities.

Property profile
Verified
Property type Office Spaces
Total area 149,388 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • 1501 W 16th St Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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