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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 149,388 square foot medical office building, known as Historic Bush Stadium, presents a unique investment opportunity in Indianapolis, Indiana. Located at 1501 W 16th St, in the vibrant Marion County, zip code 46202, this property offers unparalleled access and amenities. The building is strategically situated within the 16 Tech Innovation Community, providing immediate proximity to the Indiana University-Purdue University Indianapolis (IUPUI) campus and the Eskenazi Hospital complex – a mere seven-minute walk away. Ample free parking is available for tenants and visitors. The property boasts multiple parcels suitable for future development, and includes attractive green space within the historic Bush Stadium grounds. A dedicated walking and biking path directly connects the property to both IUPUI and Eskenazi Hospital. Furthermore, this location benefits from its adjacency to a recently completed $23 million mixed-use development project. Flexible space options are available, ranging from 7,000 to 21,000 square feet and 40,000 to 120,000 square feet, allowing for sale, lease, or build-to-suit opportunities to accommodate various needs. This prime location and versatile space make this property an ideal investment for healthcare providers and developers seeking a prominent presence in a thriving urban environment.

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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