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Property profile & analytics
FOR LEASE
Office Spaces

140 E Washington St Indianapolis, IN 46204

22,440 SF 0.2 ac lot Built 1956
Entity Owned 2-yr Hold Free & Clear
Property ID
US31-0606395
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1956
Construction WOOD
Total area 22,440 SF
Lot 0.2 ac (8,718 SF)
Zoning code ZO01
APN 49-11-01-240-131.000-101
UPID US31-0606395
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
  • Indiana Repertory Theatre Theater & Performing Art Venue
  • Bike Parking Bicycle Rack
  • Encore Catering Take-out & Catering Catering Service
  • Marion County Community Corrections Government Office
  • IRT Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$610k
Owner & transaction history
140 E Washington St LLC · 2 yrs held
140 E Washington St LLC
since 2024
2 recorded transactions
2024
Price N/A
2010
Price N/A
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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