5255 Winthrop Ave Indianapolis, IN 46220-3573
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.
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Indy Home Shop Real Estate Agency
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DeveloperTown (Bike/Boat/Book/etc) Store Corporate Office
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Senler Studio Advertising Agency Marketing & Advertising
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FullStack PEO Employment Agency Business Service Center
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Whelhaus Co. Human Resource Consulting Business Management Consultant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
ZO01 · Indianapolis, INCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.