12 Delaware St Indianapolis, IN 46204
- Retail properties
- 12,531 SF
- 0.08 lot acres
Current Use by Public Records
- Sheaffer International Indiana / Environmental Program
- Headlee Law Offices / Attorney
Property Details for 12 Delaware St
- Year built
- 1930
- Lot size
- 0.08 lot acres
- Property size
- 12,531 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional three-story, 12,531 square foot office building presents a compelling investment opportunity in Indianapolis' vibrant Central Business District (CBD). Located at 12 N Delaware St, this Class B property boasts a prime location directly across from the Indianapolis City Market redevelopment project, ensuring high visibility and accessibility. Built in 1930, the building features a single tenancy with a mix of office and retail space. The 9,604 square feet of office space is complemented by two street-level retail units, totaling 1,128 square feet, and a 1,739 square foot lower level. The property sits on a 0.08-acre lot and is zoned CBD1, offering flexibility for various uses. An elevator serves all three floors, enhancing convenience and accessibility. The asking price is $1,450,000, and the lease type is NNN. This is an ideal opportunity for a corporate headquarters seeking a prestigious address or an investor looking for a strong return in a rapidly developing area. The property's historical character combined with its modern amenities makes it a truly unique investment prospect in the heart of Indianapolis. The Asset Property Number (APN) is 49-11-01-240-134.000-101.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.1547
- Latitude
- 39.7675
