323 Delaware StIndianapolis, IN 46204

Property Details for 323 Delaware St

Year built

1890

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

8,152 SF

Zone code

ZO01

Property type

Office properties

APN

49-11-01-218-010.000-101

APU

491101218010000101

Description

This exceptional 8,063 square foot commercial property, located at 323 N Delaware St in Indianapolis, Indiana (zip code 46204), presents a unique opportunity for businesses seeking a vibrant and convenient location. The building offers a flexible layout suitable for various uses, including retail, executive office, traditional office, and restaurant spaces. Currently, one space of 2,750 square feet is immediately available for lease, representing a minimum divisible unit. The property is classified as multi-tenant. Its prime location in the desirable Mass Avenue area offers excellent visibility and accessibility. The building's proximity to Oakmont Restaurant further enhances its appeal and provides convenient access to dining options for tenants and their clients. While on-site parking is not provided, ample street parking is available in the immediate vicinity. This property is ideal for businesses seeking a high-profile address in a thriving Indianapolis neighborhood. The building's versatile space allows for customization to meet the specific needs of a variety of tenants. Interested parties are encouraged to inquire about lease terms and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $1,104,922

  6.5%

  $1,019,928

  7%

  $947,076

• Comparable approach

  Method

  Valuation

  Relative Method

  $830,945

  Geo Method

  $830,945

• Alternative Use

  Use

  Valuation

  Residential

  $1,264,711

  Hospitality

  $1,158,468

  Educational

  $963,832

  Medical

  $996,980

  Retail

  $1,499,294

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.7722

Longitude

-86.1538

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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