1011 Massachusetts AveIndianapolis, IN 46202

  • Industrial land
  • 2.82 AC
For Lease
$15/SF/YR View listing

Property Details for 1011 Massachusetts Ave

Lot size
2.82 AC
Zone code
ZO01
Property type
Industrial land
APN
49-07-31-178-002.000-101
APU
490731178002000101

Description

This vibrant 540,000 square foot mixed-use building, originally constructed in 1918 and extensively renovated in 2023, offers a unique opportunity for businesses seeking creative office, retail, or restaurant space in the Mass Ave. submarket. The property boasts 19 suites, with available spaces ranging from 1,100 to 13,770 contiguous square feet, and a total of 40,000 square feet currently vacant. Multiple tenancy options are available, catering to a variety of business needs. The building features convenient access to the Monon and Cultural Trails, with a section of the Pogues Run trail integrated directly into the property, encouraging pedestrian and bicycle traffic. Ample parking is provided with 580 spaces, including a free 80-car lot on-site and an additional 500 spaces across 10th Street. Rental rates start as low as $13 per square foot, making this an attractive option for businesses looking for a cost-effective yet highly visible location. The building's prime location and modern amenities create an ideal environment for growth and success.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $18,245,308
    Hospitality
    $16,712,604
    Educational
    $13,904,691
    Medical
    $14,382,894
    Retail
    $21,629,518

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.7817
Longitude
-86.138
CBSA code
26900
CBSA name
INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,869
$211,600
-
$211,600
-
$211,600
-
$211,600

FAQs

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