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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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