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Financial
Distress signals
Property profile

1408 Pennsylvania St Indianapolis, IN 46202

OFF-MARKET
Office Spaces
Property ID
US31-1293736
7,062 SF 0.22 ac lot Built 1955
Last sale Dec 2024 · $595,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This 7,062 square foot mixed-use building, located at 1408 N Pennsylvania St in Indianapolis, Indiana, presents a unique investment opportunity. Built in 1901, this three-story Class C property boasts a 100% occupancy rate and a compelling 10% capitalization rate. The asking price is $895,000, translating to $126.73 per square foot. The property is zoned C4 and features five parking spaces. Currently configured as a creative office space, this single-tenancy building offers significant…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$250k
Assessed land$106k
Assessed improvement$145k
Effective rate2.77%

Value estimate

· Oct 2026
$595k
$536k – $655k
AI approach$595k
Submarket $/SF estimate$434k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$75/SF
Submarket average, outlier-cleaned · 181 recorded sales of this use type
Observed band · Q1–Q3$30 – $120
Qualifying comparables10

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMARION

Location intelligence

Which uses thrive at this corner?
Best fit: Kitchen & Bath
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Kitchen & Bath11.9
HVAC Service11.3
Garden Center10.8

Location

1408 Pennsylvania St Indianapolis, IN 46202-2421
County assessor Recorded deeds · 5 transfers 10 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1811 Meridian, Indianapolis, IN 46202-1411 $128,000 Oct 2022 5,280 SF
748 Bates, Indianapolis, IN 46202-2368 $2,000,000 May 2022 21,112 SF
1705 Meridian, Indianapolis, IN 46202-1403 $400,000 Oct 2021 5,241 SF
11 22nd, Indianapolis, IN 46202-1325 $63,000 Apr 2021 2,808 SF
1032 Bates, Indianapolis, IN 46202-4020 $25,000 Sep 2020 3,363 SF
230 16th, Indianapolis, IN 46202-2502 $950,000 May 2020 4,766 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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