6602 75Th StIndianapolis, IN 46250

Property Details for 6602 75Th St

Year built

1979

Construction

TYPE NOT SPECIFIED

Lot size

5.55 AC

Property size (Sq ft)

35,164 SF

Zone code

ZO01

Property type

Office properties

Property subtype

Other office properties

APN

49-02-27-126-004.000-400

APU

490227126004000400

Description

Heritage Park III, located at 6602 E 75th St, Indianapolis, IN 46250, offers ±85,000 square feet of Class A office space in a five-story building. Currently, approximately 17,000 square feet is available for lease, with options ranging from 2,043 to 5,012 square feet. This multi-tenant building boasts a convenient parking ratio of approximately 5 spaces per 1,000 square feet. The property features a newly renovated lobby and restrooms, enhancing the professional atmosphere. Tenants benefit from access to a common conference center, a smaller conference room, a well-appointed tenant lounge and vending area, and an outdoor patio. Onsite tenant storage is also available. The building offers the opportunity for exterior signage for select users and is managed by local ownership. Its prime location in the Indianapolis submarket provides easy access to public transportation, restaurants, and other amenities. A 12,575 square foot contiguous space and a 3,124 square foot spec suite are also available. This presents a unique opportunity for businesses seeking high-quality office space in a well-maintained and conveniently located building.

• CAP approach

  CAP return

  Valuation

  6%

  $4,780,852

  6.5%

  $4,413,094

  7%

  $4,097,873

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,367,017

  Geo Method

  $4,367,017

• Alternative Use

  Use

  Valuation

  Residential

  $5,472,237

  Hospitality

  $5,012,540

  Educational

  $4,170,374

  Medical

  $4,313,800

  Retail

  $6,487,248

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.8916

Longitude

-86.0547

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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