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Property profile & analytics
FOR LEASE
Industrial land

211 S Ritter Ave e Indianapolis, IN 46219

0.19 ac lot
Entity Owned 18-yr Hold Free & Clear
Property ID
US31-3565273
Property summary
AI-generated overview

This exceptional 18,581 square foot office building, located at 211 S. Ritter Ave in Indianapolis, Indiana's vibrant Irvington submarket, presents a unique opportunity. Built in 1973 and extensively renovated in 2022, this two-story building offers a blend of historic charm and modern functionality. The property features a "Traditional Office" and "Creative Office" layout, perfect for a variety of businesses. The modern open-concept design provides flexible workspace solutions. Tenancy is multiple, allowing for diverse occupancy. The building boasts 34 parking spaces, a significant advantage in this desirable location. An elevator services both floors, ensuring accessibility. The property is zoned CS and benefits from a new HVAC system. High-speed network availability is also a feature (though not included in rent). A shared conference room adds convenience. Utilities are included in the rental rate. A minimum two-year lease is required. This property is ideally situated near the Pennsy Trail, offering employees convenient access to recreational opportunities. This is a rare opportunity to secure a well-maintained, modern office space in the highly sought-after Irvington neighborhood.

Property profile
Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 0.19 ac (8,100 SF)
Zoning code ZO01
APN 49-10-10-178-241.000-701
UPID US31-3565273
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
  • Lisa's Therapeutic Massage Studio Alternative Medicine Practice Spa & Massage Center
  • Tailored Design Co Marketing & Advertising Advertising Agency
  • Inhabit Industrial Manufacturer Production Facility
  • Keira's Tax Service LLC Clothing & Fashion Store
  • Evolve Beauty Supplies (Bike/Boat/Book/etc) Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Inhabit Property Group LLC · 18 yrs held
Inhabit Property Group LLC
since 2007
1 recorded transaction
2007
Price N/A
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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