603 Washington StIndianapolis, IN 46204

Property Details for 603 Washington St

Year built

1917

Construction

CONCRETE

Lot size

2.45 AC

Property size (Sq ft)

39,600 SF

Zone code

ZO01

Property type

Office properties

Property subtype

Other office properties

APN

49-11-12-219-009.000-101

APU

491112219009000101

Description

This exceptional 66,000 square foot, ten-story Class B office building, constructed in 1917, offers a unique opportunity in Indianapolis's vibrant Market East District. Currently housing five suites, with three spaces immediately available, this property boasts a minimum divisible space of 6,600 square feet, perfect for a variety of businesses. The building's traditional office layout is complemented by its suitability for coworking, medical, executive, and creative office uses. Located at 603 E Washington St, Indianapolis, IN 46204, this prime downtown location offers easy access to apartments, hotels, and new developments. The building features convenient amenities including a secured entrance with a main lobby, on-site staff and front desk, and an attached parking lot. The building is zoned CBD-2 and benefits from two elevators. This is a rare chance to secure space in a landmark building in a thriving downtown area. The building's historic character blends seamlessly with modern conveniences, creating an ideal environment for businesses seeking a prestigious and functional workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $5,144,126

  6.5%

  $4,748,424

  7%

  $4,409,251

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,727,088

  Geo Method

  $3,727,088

• Alternative Use

  Use

  Valuation

  Residential

  $5,888,046

  Hospitality

  $5,393,418

  Educational

  $4,487,261

  Medical

  $4,641,584

  Retail

  $6,980,184

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.7664

Longitude

-86.1479

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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