Entity Owned Property summary
This exceptional redevelopment opportunity presents a 1.63-acre canal-front site in Indianapolis's vibrant downtown, featuring a two-level, 29,517-square-foot office building (16,708 SF street level, 12,809 SF canal level). Built in 1984 and renovated in 1995, the property boasts 200 feet of frontage on West Michigan Street and approximately 370 feet of canal frontage. The Class B building includes 55 on-site parking spaces (1.86 spaces per 1,000 sq ft) and offers excellent signage… opportunities. The site is zoned CBD-2, Regional Center, and Central Business District, making it ideal for various uses, including hotel or student housing development. Its prime location is a half-block east of Indiana University and Purdue University Indianapolis's main entrance, benefiting from their planned campus expansions. Nearby amenities include recently constructed hotels (Homewood Suites and Hampton Inn, totaling 230 rooms), restaurants, retail, and other downtown attractions. The property also includes approximately 10,000 square feet of green space on the canal level, offering additional development potential. This is a rare chance to acquire a significant property in a rapidly growing area. APN: 1101538, 1101545, 1101548.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 23,098 SF
- Lot area
- 0.99 ac
- Year built
- 1984
- Stories
- 1
- APN
- 49-11-02-221-002.000-101
- Zoning
- ZO01
- Assessed value · 2023
- $3,391,900
- Commercial (general) · current use
- Retail Stores
- Industrial (general)
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Alternative use
- Local Zoning Insight
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- NOI Potential
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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