Financial
Distress signals
Property profile

705 East Market St Indianapolis, IN 46202

FOR SALE
Retail space
Property ID
US31-0944194
7,613 SF 0.56 ac lot Built 1961
Last sale Aug 2025
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value$412k
Assessed land$267k
Assessed improvement$146k
Effective rate2.52%

Value estimate

· Sep 2026
$395k
$356k – $435k
NOI build-up
Gross scheduled income$179k
Vacancy & credit loss−$16k
Operating expenses−$49k
NOI · 11.45% cap applied$114k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$75/SF
Submarket average, outlier-cleaned · 102 recorded sales of this use type
Observed band · Q1–Q3$33 – $119

Cap rate analysis

How does the asset earn?
11.45%
$114k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
ZO01
JurisdictionMARION

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service12.3
Carpet & Flooring Store11.3
Electrical Service11.3

Location

705 East Market St Indianapolis, IN 46202
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1102 16th, Indianapolis, IN 46202-1919 $486,000 Sep 2024 No data
1202 Bates, Indianapolis, IN 46202-3919 $65,000 Jul 2024 800 SF
2156 Meridian, Indianapolis, IN 46202-1332 $330,000 May 2024 4,330 SF
2158 Talbott, Indianapolis, IN 46202-1572 $298,000 Nov 2020 1,904 SF
1515 Pennsylvania, Indianapolis, IN 46202 $267,000 Sep 2019 3,539 SF
1433 Meridian, Indianapolis, IN 46202-2304 $1,700,000 Oct 2018 21,933 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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