10220 Washington StIndianapolis, IN 46229

Property Details for 10220 Washington St

Year built

1999

Construction

WOOD

Lot size

1.92 AC

Property size (Sq ft)

10,205 SF

Property type

Turn key restaurants

APN

49-09-04-123-001.000-700

APU

490904123001000700

Description

This exceptional retail opportunity presents two available spaces totaling 3,000 to 4,185 square feet within the newly redeveloped Washington Square Outlots in Indianapolis, Indiana. Located at 10220 E Washington St, zip code 46229, this property offers high visibility and accessibility at a signalized entrance to the Washington Square Mall, anchored by a Target and AMC Theatre. The 13,835 square foot development provides flexible leasing options to suit a variety of businesses. Potential tenants could include small shop endcaps, endcaps with drive-thru capabilities, medical offices, free-standing quick-service restaurants (QSRs), casual dining restaurants, car washes, or automotive-related businesses. The property is situated in Marion County and offers ground lease or build-to-suit options. Early 2023 delivery is anticipated. This is an ideal location for businesses seeking high traffic and strong brand visibility in a thriving retail environment. The available space ranges from 3,000 to 4,185 square feet, with a total of 3,000 square feet currently vacant. This prime location offers significant potential for growth and success. Contact us today to learn more about this exciting opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,660,950

  6.5%

  $1,533,190

  7%

  $1,423,670

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,318,050

  Geo Method

  $1,318,050

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,919,420

  Mixed-Use / Specialty

  $1,556,190

  Hospitality / Lodging

  $1,178,790

  Office

  $1,576,590

  Institutional / Educational

  $1,627,980

  Residential Income

  $1,904,740

  Multifamily

  $2,126,630

  Automotive / Energy

  $1,395,410

  Parking / Income-Based Land

  $453,415

  Restaurant / Food Service

  $870,137

  Healthcare / Senior Housing

  $1,566,650

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.7755

Longitude

-85.9866

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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