11 Municipal DrFishers, IN 46038

Property Details for 11 Municipal Dr

Year built

2019

Construction

TYPE NOT SPECIFIED

Lot size

1.89 AC

Property size (Sq ft)

50,112 SF

Property type

Office properties

APN

29-10-36-402-017.009-006

APU

291036402017009006

Description

This exceptional 11,945-square-foot office space at 11 Municipal Drive in Fishers, Indiana, 46038, offers a unique blend of modern design and convenient location. The property features a high-end, progressive design incorporating strong glass lines and high-quality materials. Its efficient layout and floor plates maximize usability. Situated in a desirable infill location, the building benefits from a walkable amenity base, including retail shops, residential areas, public parks, and the Fishers Municipal Complex. Excellent access to all parts of Indianapolis is ensured via easy access to I-69 and I-465. This property boasts a prestigious Fishers address, just steps from City Hall. The building is part of one of the few "new urbanism" project areas in the city and state, offering a unique and sought-after environment. Limited land availability creates a high barrier to entry for new office development in this area. The location is also adjacent to controlled surface parking with additional parking options available. The entire top floor is available for lease, and existing furniture is available for a seamless "plug and play" setup. This property is ideally situated near executive and millennial housing, making it an attractive option for businesses seeking a vibrant and convenient location.

• CAP approach

  CAP return

  Valuation

  6%

  $6,244,189

  6.5%

  $5,763,867

  7%

  $5,352,162

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,223,410

  Geo Method

  $6,223,410

• Alternative Use

  Use

  Valuation

  Residential

  $7,147,195

  Hospitality

  $6,546,792

  Educational

  $5,446,854

  Medical

  $5,634,180

  Retail

  $8,472,884

Location Insight

City

Fishers

County

Hamilton

State

Indiana

Latitude

39.9611

Longitude

-86.0164

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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