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Property profile

1060 Capitol Ave Indianapolis, IN 46204

OFF-MARKET
Retail properties & Spaces
440,000 SF 3.8 ac lot Built 1912
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Property summary

AI-generated overview

This iconic 440,000 square foot, four-story retail building, renovated in 2023, offers multiple spaces ranging from 6,308 to 11,215 square feet. Located in Indianapolis's Central Business District (CBD) at 1060 N Capitol Ave (10th Street & Capitol Avenue), it boasts a prime location within the burgeoning $4.3 billion IU Health Campus, benefiting from over 20,000 projected employees and existing 600+ employees. The property features a Class C designation, a 2.66 FAR, and sits on 3.8 acres of land. It's zoned CBD-S and includes elevators. The Stutz is an adaptive reuse project, already home to a variety of successful businesses including restaurants, bakeries, and co-working spaces. Future development includes a 275-unit multi-family residential building, a 350+ space parking garage, and an additional 18,800 square feet of retail space. This presents a unique opportunity to be part of a thriving, dynamic, and expanding retail destination in the heart of Indianapolis. Built in 1912, this property offers a blend of historical charm and modern amenities.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1912
Total area 440,000 SF
Lot 3.8 ac (165,528 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Association / Organization
  • Marketing & Advertising Advertising Agency
  • Museum
  • Physician

Location

1060 Capitol Ave Indianapolis, IN 46204
Indianapolis metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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