534 Capitol AveIndianapolis, IN 46204

Property Details for 534 Capitol Ave

Year built

1910

Construction

TYPE NOT SPECIFIED

Lot size

0.59 AC

Property size (Sq ft)

28,512 SF

Property type

Other commercial real estate

APN

49-11-02-219-017.000-101

APU

491102219017000101

Description

This exceptional 28,512 square foot mixed-use property, located at 534 N Capitol Ave in Indianapolis, Indiana, presents a unique redevelopment opportunity. Situated on a 0.59-acre lot zoned CBD2-RC, this two-story building boasts approximately 17,160 square feet ideal for office or showroom space and an additional 11,352 square feet suitable for warehouse, manufacturing, or showroom uses. The property features two drive-ins and one dock with ups height, offering excellent accessibility. Its prime location within Indianapolis's downtown square mile, bordered by North, West, South, and East Streets, places it along the new Red Line bus route and a half block from the Cultural Trail. This location provides a high walk score and proximity to the Downtown Canal Walk. The property is also designated as an Opportunity Zone, offering potential tax advantages. This versatile property is perfect for investors seeking a high-impact project in a thriving urban environment.

• Alternative Use

  Use

  Valuation

  Residential

  $4,238,840

  Hospitality

  $3,882,755

  Educational

  $3,230,406

  Medical

  $3,341,505

  Retail

  $5,025,077

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.7753

Longitude

-86.1619

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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