539 E Market St, Indianapolis, IN 46204
For Sale
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This stunning 3,162 square foot creative office building, located at 539 E Market St in Indianapolis, Indiana, presents a unique investment opportunity. Built in 1900 and extensively renovated in 2010, this Class B property boasts a prime location in the heart of downtown, offering easy access to Whole Foods and the vibrant amenities of Mass Ave. The building sits on a 0.26-acre lot encompassing three parcels (1075618, 1068627, and 1074978) and currently includes 8 parking spaces with expansion potential. The property is zoned CBD2 and features a two-story structure with a net rentable area of 2,059 square feet. Currently vacant, this building is priced at $495,000, or $156.55 per square foot, making it an attractive option for owner-occupants or investors seeking a well-maintained, historically significant property in a thriving urban environment. The building's convenient location and recent renovations offer immediate occupancy and the potential for significant return on investment.
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, INIndianapolis. Always verify with local authorities before improvements.
Costs & 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.