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Property profile & analytics
OFF-MARKET
Office Units

3656 Washington Blvd Indianapolis, IN 46205

4,007 SF 0.2 ac lot Built 1925
Property ID
US31-0138118
Property summary
AI-generated overview

This stunning, fully renovated 4,007 square foot Class B office building, located at 3656 N Washington Blvd in Indianapolis, Indiana, presents a unique investment opportunity. Built in 1925 and meticulously renovated in 2023, this three-story Federalist-style colonial building boasts a stately presence with historic charm. The property features nine to eleven large offices, a spacious boardroom with an attached bar or flex room, and a fully finished basement with a large break area, kitchen, and laundry facilities. Three bathrooms (one full and two half) are included. The interior showcases professionally refinished original oak hardwood floors, complemented by 34 new windows, a new high-efficiency furnace, updated plumbing and electrical systems, and a slate roof. Eight on-site parking spots provide ample convenience. The 0.2-acre lot is zoned D3, offering flexibility for various commercial uses. The building's prime location in the Mapleton-Fall Creek neighborhood, near 38th Street and Fall Creek Parkway, provides easy access to downtown Indianapolis and surrounding areas. This property is ideal for high-end brands in accounting/finance, legal, real estate, advertising/marketing, medical, or technology sectors. A large undeveloped attic space offers potential for future expansion. Asking price is $825,000 ($205.89/sq ft). Single tenancy.

Property profile
Verified
Property type Office Units
Year built 1925
Total area 4,007 SF
Lot 0.2 ac (8,712 SF)
UPID US31-0138118
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
  • Venture Club of Indiana Association Or Organization
  • B. Bliss Inn Hotel & Motel Resort
  • Daley Concepts Ltd Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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