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Property profile & analytics
OFF-MARKET Estimated value $575,000
Industrial properties

5255 Winthrop Ave Indianapolis, IN 46220-3573

35,873 SF 1.44 ac lot Built 1974
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US31-0675102
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1974
Construction WOOD
Total area 35,873 SF
Lot 1.44 ac (62,794 SF)
Zoning code ZO01
APN 49-06-12-214-001.000-801
UPID US31-0675102
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
  • 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$505k
CAP Approach CAP
by Request
Comparable Approach Comparable
$672k
Blend (final) Blend
$575k
Owner & transaction history
Monon Property Management LLC · 5 yrs held
Monon Property Management LLC
since 2020
7 recorded transactions
2020
Price N/A
2020
Price N/A
2018
Price N/A
2011
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
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