140 E Washington St Indianapolis, IN 46204
For Lease
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This exceptional commercial property, located at 140 E Washington St, Indianapolis, IN 46204, offers 22,440 square feet of versatile space in a vibrant Central Business District setting. The building, constructed in 1956 and renovated in 2010, is a two-story Class B structure encompassing a single building on 0.2 acres. The property features multiple suites, with a minimum divisible space of 150 square feet and a maximum contiguous space of 7,480 square feet. Currently, all 22,440 square feet are vacant and ready for immediate occupancy. The zoning is CBD-1, allowing for a variety of uses including retail, office, co-working, and creative office spaces. The building includes one hydraulic elevator and four parking spaces. Property taxes are $2.75 per square foot. Utilities are electric. This ground-floor retail storefront boasts high pedestrian traffic on Washington Street, providing excellent visibility and walkability. The APN is 18097391002. This is an unparalleled opportunity to establish a presence in a thriving downtown Indianapolis location. The property's flexible space options cater to a wide range of business needs, making it an ideal investment for entrepreneurs and established businesses alike. The cross street is Delaware.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
ZO01 · Indianapolis, INIndianapolis. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.