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Property profile & analytics
FOR LEASE
Office Spaces

6910 N Shadeland Ave Indianapolis, IN 46220

23,904 SF 1.99 ac lot Built 1977
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US31-1285572
Property summary
AI-generated overview

This exceptional two-story, Class B office building, located at 6910 N Shadeland Ave in Indianapolis, Indiana, offers 25,445 square feet of well-appointed space. Currently, 10,000 square feet is available for lease, divisible into units ranging from a minimum of 4,000 square feet to a maximum contiguous space of 6,000 square feet. The building, constructed in 1975, sits on a 1.99-acre lot and is zoned for commercial use within Marion County's North Shadeland submarket. Features include a convenient elevator, ensuring accessibility for all tenants and visitors. The building boasts multiple executive-level offices, smaller private offices, restrooms on both floors, and handicap-accessible doors. Additional amenities include well-equipped conference rooms and a spacious training room, ideal for collaborative work and professional development. The use of mirrored glass adds a touch of modern elegance to the space. This property presents a unique opportunity for businesses seeking high-quality office space in a desirable Indianapolis location. The building's size and layout offer flexibility for a variety of business needs, making it an attractive option for companies of various sizes. The convenient location in the North Shadeland submarket provides easy access to major transportation routes and local amenities.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1977
Construction TYPE NOT SPECIFIED
Total area 23,904 SF
Lot 1.99 ac (86,685 SF)
APN 49-02-35-100-002.000-400
UPID US31-1285572
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
  • John E. Kolas, Attorney at Law Law Firm
  • Tharp Realty Real Estate Agency
  • Hemophilia of Indiana Association / Organization
  • Shadeland Office Building Associates Construction Company General Contractor
  • Indiana State Teachers Association Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.19M
Blend (final) Blend
$2.08M
Owner & transaction history
Bittersweet 23 LLC · 10 yrs held
Bittersweet 23 LLC
since 2016
2 recorded transactions
2016
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.9M +6.3%
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More about this property
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