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    OFF-MARKET
    Retail properties & Spaces

    1060 Capitol Ave, Indianapolis, IN 46204

    440,000 SF 3.8 ac lot Built 1912
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • e-Practical Application Solutions (Bike/Boat/Book/etc) Store Corporate Office
    • Indiana Restaurant & Lodging Association Association / Organization
    • Chris Whonsetler Photography Marketing & Advertising Advertising Agency
    • The Stutz Car Museum Museum
    • Focus ADHD Indianapolis Physician
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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