1520 Riverside Dr Indianapolis, IN 46202
- Office Properties & Spaces
- 9,808 SF
- 0.42 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 1520 Riverside Dr
- Year built
- 1958
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.42 lot acres
- Property size
- 9,808 SF
- Property type
- Office Properties & Spaces
- APN
- 49-06-34-123-021.000-101
- APU
- 490634123021000101
Description
This 9,000 square foot, two-story office building presents a unique owner-occupant opportunity. Constructed in 1965, the property boasts a desirable location near the 16 Tech innovation district in Indianapolis, Indiana. Situated on a 0.94-acre lot, the building features excellent visibility and accessibility, with existing pylon signage along 16th Street, including electronic messaging capabilities. The property benefits from easy ingress and egress via a signalized intersection at 16th Street and Riverside Drive, and is conveniently located on an IndyGo bus route (lines 15, 25, and 30). The building is classified as Class C and is zoned C-5. The property's address is 1520 E Riverside Dr, Indianapolis, IN 46202 (APN: 49-06-34-123-021.000-101, 49-06-34-123-020.000-101). Furthermore, this location is within an Opportunity Zone, offering potential tax advantages. The building is well-maintained and offers a total of 9,000 square feet of net rentable space. This presents a compelling opportunity for businesses seeking a strategically located and functional office space.
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
- -86.1914
- Latitude
- 39.7885
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
