40 Monument CirIndianapolis, IN 46204

Property Details for 40 Monument Cir

Year built

1998

Construction

CONCRETE

Lot size

0.75 AC

Property size (Sq ft)

81,862 SF

Property type

Office properties

Property subtype

Other office properties

APN

49-11-01-240-025.000-101

APU

491101240025000101

Description

This exceptional investment opportunity presents a 139,906 square foot, Class A mixed-use property located at 40 Monument Circle in Indianapolis, Indiana. The seven-story building, constructed in 1998, sits on a 0.746-acre lot in the heart of the city's central business district (CBD1 zoning). Currently configured as office and retail space, this owner/user investment offers significant potential. The building boasts an impressive floor plate of over 24,000 rentable square feet, allowing for flexible leasing options up to 100,000+ square feet. The expansive three-story lobby provides a unique opportunity for high-end retail or restaurant development. With unparalleled views and prominent signage rights on Monument Circle, this property offers exceptional visibility in a highly walkable and vibrant downtown area. The asking price is $28,000,000, translating to $200 per square foot. This landmark property presents a rare chance to acquire a prestigious mixed-use asset in a prime Indianapolis location. The building's central location within the state capital and major business hub ensures high tenant demand and strong investment potential.

• CAP approach

  CAP return

  Valuation

  6%

  $11,093,444

  6.5%

  $10,240,102

  7%

  $9,508,666

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,341,162

  Geo Method

  $8,341,162

• Alternative Use

  Use

  Valuation

  Residential

  $12,697,727

  Hospitality

  $11,631,050

  Educational

  $9,676,897

  Medical

  $10,009,700

  Retail

  $15,052,950

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.7679

Longitude

-86.1589

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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