1828-1834 Central Ave
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1828-1834 Central Ave
7,918 SF 100% Leased Office Building Indianapolis, IN 46202 $2,500,000 ($316/SF) 7% Cap Rate
Investment Highlights
- Heavy day time traffic
- Open plan with exposed brick walls
- Options for renewal
- Area newly redeveloped
- 5 year lease remaining
Executive Summary
We are delighted to present a prime C3 building boasting 7,918 square feet of versatile space, situated in the vibrant heart of Indianapolis on Central Avenue. This standout investment property offers a unique blend of commercial possibilities. This property comes with a strong tech tenant with 5 years remaining on their lease at market rate rents with 4%y0y increases, and an option to renew. Opportunity exists to renew tenant after 5 years or create your another use. With new housing surrounding the area, there is opportunity to and demand long term for this location.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
7,918 SF
Building Class
B
Year Built/Renovated
1999/2020
Price
$2,500,000
Price Per SF
$316
Cap Rate
7%
NOI
$175,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,959 SF
Building FAR
0.70
Land Acres
0.26 AC
Opportunity Zone
Yes
Zoning
C - Commercial C3, office or retail
Parking
12 Spaces (1.52 Spaces per 1,000 SF Leased)
Amenities
- Accent Lighting
- Basement
- Central Heating
- High Ceilings
- Drop Ceiling
- Air Conditioning
1 of 1
Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 49-06-36-158-240.000-101 | Improvements Assessment | $611,400 (2023) |
| Land Assessment | $37,400 (2023) | Total Assessment | $648,800 (2023) |
PROPERTY TAXES
Parcel Number
49-06-36-158-240.000-101
Land Assessment
$37,400 (2023)
Improvements Assessment
$611,400 (2023)
Total Assessment
$648,800 (2023)
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Sam Gorall -
KW Commercial
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1828-1834 Central Ave
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