3520 Washington Blvd Indianapolis, IN 46205-3719
This exceptional 6,000 square foot office building at 3520 Washington Boulevard in Indianapolis, Indiana presents a unique investment opportunity. Situated on a 0.82-acre lot in the desirable Midtown area, this single-story brick building boasts distinctive architecture and a convenient location. The interior currently features a mix of large and small offices, as well as open workspaces, offering flexibility for a variety of business needs. The layout is easily adaptable to suit specific requirements. Beyond the main 6,000 square feet, an additional 2,000 square feet of unfinished basement space provides potential for expansion or valuable on-site storage. The property includes a fenced parking area accommodating approximately 15 vehicles, supplemented by readily available street parking. Public transportation is also easily accessible via a nearby bus line. The building's history includes successful tenancies by both an engineering firm and a law practice, demonstrating its suitability for a range of professional uses. Currently occupied under a lease expiring April 30th, 2025, this property offers a strong investment potential with a clear path to future occupancy and income generation. The building is well-maintained and presents a solid opportunity for a discerning buyer.
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Lifeline Youth & Family Services Child Welfare Organization Charitable Organization
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Crosswinds Counseling Counselor
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.