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Property profile & analytics

3520 Washington Blvd Indianapolis, IN 46205

  • Office Properties & Spaces
  • 7,905 SF
  • 0.82 lot acres
For Sale
Last Sale
Feb 28, 2025
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US31-0606062
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $932,000
    Market price range: $236k - $945k
    AI Estimate
    $534,000
    Market 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

Get a detailed, property-specific valuation — fast and free


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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,334
$78,400
$330,200
$408,600
-
$78,400
$330,200
$408,600
More about this property
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