7050 E 116Th St Fishers, IN 46038
- Office Properties & Spaces
- 8,450 SF
- 0.68 lot acres
Current Use by Public Records
- FanStand Prints / Print Shop
- Indiana Association of Insurance & Financial Advisors / Non-Profit Organization
- Propeller Marketing / Advertising Agency
- clarity care advocates / Home Health Care Service
- Estate Planning Council / Council
Property Details for 7050 E 116Th St
- Year built
- 1976
- Construction
- WOOD
- Lot size
- 0.68 lot acres
- Property size
- 8,450 SF
- Property type
- Office Properties & Spaces
- APN
- 29-10-35-010-002.000-006
- APU
- 291035010002000006
Description
The Eller House, located at 7050 E 116th St, Fishers, IN 46038, presents a rare opportunity to lease space in a meticulously preserved historic building. Built in 1877, this two-story brick structure boasts 8,450 total square feet, with 4,430 square feet currently available for lease. The property sits on 0.68 acres of land and is zoned C-3. The building features 12-inch thick brick walls, Victorian-era transom windows, carved oak mantels, and 10-foot ceilings, creating a unique and charming atmosphere. The thoughtfully designed layout includes multiple private offices, open workspaces, a kitchen, and a shower on the first floor. The second floor offers high ceilings, additional private offices, and flexible open work areas. Ample parking is available with 82 spaces, ensuring convenient access for employees and clients. This high-visibility location offers excellent drive-by exposure, making it an ideal space for businesses seeking a prominent presence in Fishers. The Eller House represents a blend of historical significance and modern functionality, offering a workspace that is both unique and practical. This property is a testament to the successful transformation of a historic landmark into a thriving commercial space. The building's rich history, combined with its modern amenities, makes it an exceptional opportunity for businesses seeking a distinctive and memorable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $655,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $670,000
- 6.5%
- $615,000
- 7%
- $645,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $745,000
- Geo Method
- $605,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $740,000
- Retail
- $615,000
- Mixed-Use
- $690,000
- Hospitality
- $785,000
- Educational
- $805,000
- Residential Income
- $585,000
- Energy
- $605,000
- Income-Based Land
- $765,000
- Food Service
- $690,000
Location Insight
- Map
- Local Demand
- City
- Fishers
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.044
- Latitude
- 39.9572
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
