5255 Winthrop Ave, Indianapolis, IN 46220-3573
- Industrial properties
- 35,873 SF
- 1.44 lot acres
Current Use by Public Records
- Indy Home Shop / Real Estate Agency
- DeveloperTown / (Bike/Boat/Book/etc) Store / Corporate Office
- Senler Studio / Advertising Agency / Marketing & Advertising
- FullStack PEO / Employment Agency / Business Service Center
- Whelhaus Co. / Human Resource Consulting / Business Management Consultant
Property Details for 5255 Winthrop Ave
- Year built
- 1974
- Construction
- WOOD
- Lot size
- 1.44 lot acres
- Zone code
- ZO01
- Property type
- Industrial properties
- APN
- 49-06-12-214-001.000-801
- APU
- 490612214001000801
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 2, 2020 | — | Monon Property Management LLC | Mpm Jason Vasquez LLC | Quit Claim Deed · related | — |
| Nov 23, 2020 | — | Jea Investments II LLC | Developer Town Properties LLC | Grant Deed | — |
| Feb 26, 2018 | — | Developer Town Properties LLC | — | Deed · related | $419k · Stockyard Bk&tr |
| Apr 8, 2011 | — | Developer Town Properties LLC | Ace Real Estate INC | Limited Warranty Deed | $672k · Stock Yards Bank & Trust Co |
| — | — | Developer Town Properties LLC | — | Deed Of Trust · related | $419k · Stockyard Bk&tr |
| — | — | Developer Town Properties LLC | — | Deed Of Trust · related | $358k · Premier Capital Corp |
| — | — | Developer Town Properties LLC | — | Deed Of Trust · related | $496k · Stock Yards Bank |
| — | — | Developer Town Properties LLC | — | Deed Of Trust · related | $850k · Stock Yards Bank |
Description
This exceptional ±15,689 square foot office space, located at 5255 Winthrop Ave in Marion County, presents a unique investment opportunity. Currently undergoing a storefront transformation, this property boasts an unbeatable location in the heart of Broad Ripple, directly on the vibrant Monon Trail. Its proximity to popular landmarks like the Vogue Theater and Broad Ripple Park adds significant appeal. The space is ideally suited for a coworking or creative office environment, with an incoming innovation hub poised to further enhance its value. This new and expanded coworking space will be operated by local leaders in the Broad Ripple Tech Hub. The building's strategic location provides immediate access to a wealth of amenities, including a variety of restaurants and retail establishments. Nearby options include Half Liter BBQ & Beer Hall, The Fitness Lab, Mama Carolla's, and Studio C, offering convenience and attracting a diverse clientele. The single-tenancy nature of this property provides a streamlined ownership experience. This is a rare chance to acquire a thriving commercial space in a highly desirable and rapidly developing area. The property is classified as Office, Special Purpose with a Coworking and Creative Office subtype.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $505,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $672,000
- AI Estimate
- $549,000
Market price range: $654k - $3.54MMarket price range: $550k - $1.93M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.1412
- Latitude
- 39.8488
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
