211 S Ritter Ave e Indianapolis, IN 46219
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.
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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.