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    FOR SALE
    Office buildings

    539 E Market St, Indianapolis, IN 46204

    1,000 SF 0.09 ac lot Built 2003
    Individually Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US31-0626827
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2003
    Total area 1,000 SF
    Lot 0.09 ac (3,813 SF)
    Zoning code ZO01
    APN 49-11-01-125-004.000-101
    UPID US31-0626827
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Brent K Silcox · 6 yrs held
    Brent K Silcox
    since 2019
    6 recorded transactions
    2019
    2017
    2017
    2015
    1969
    1969
    Zoning & alternative use
    ZO01 · Indianapolis, IN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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