3520 Washington Blvd Indianapolis, IN 46205
- Office Properties & Spaces
- 7,905 SF
- 0.82 lot acres
Current Use by Public Records
- Lifeline Youth & Family Services / Child Welfare Organization / Charitable Organization
- Crosswinds Counseling / Counselor
Property Details for 3520 Washington Blvd
- Year built
- 1962
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.82 lot acres
- Property size
- 7,905 SF
- Zone code
- ZO01
- Property type
- Office Properties & Spaces
- APN
- 49-06-24-164-034.000-101
- APU
- 490624164034000101
Description
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.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $932,000
- AI Estimate
- $534,000
Market price range: $236k - $945kMarket price range: $151k - $555k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $590,000 Current use
- AUTO REPAIR, GARAGE
- $630,000 Change: +6% Conversion: Difficult
- RETAIL STORES
- $590,000 Change: -0% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $495,000 Change: -17% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.1528
- Latitude
- 39.8197
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA