534 Capitol AveIndianapolis, IN 46204

For Sale
Call for price

Prime location, redevelopment opportunity

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional 28,512 square foot mixed-use property, located at 534 N Capitol Ave in Indianapolis, Indiana, presents a unique redevelopment opportunity. Situated on a 0.59-acre lot zoned CBD2-RC, this two-story building boasts approximately 17,160 square feet ideal for office or showroom space and an additional 11,352 square feet suitable for warehouse, manufacturing, or showroom uses. The property features two drive-ins and one dock with ups height, offering excellent accessibility. Its prime location within Indianapolis's downtown square mile, bordered by North, West, South, and East Streets, places it along the new Red Line bus route and a half block from the Cultural Trail. This location provides a high walk score and proximity to the Downtown Canal Walk. The property is also designated as an Opportunity Zone, offering potential tax advantages. This versatile property is perfect for investors seeking a high-impact project in a thriving urban environment.

Highlights

  • 28,512 SF building for sale.
  • 17,160 SF two-story area, suitable for office or showroom use.
  • 11,352 SF area ideal for retail, warehouse, manufacturing, or showroom.
  • 0.59-acre lot.
  • Corner location at N Capitol Ave & North St.
  • Two drive-in doors.

Property Details for 534 Capitol Ave

Property type
Other warehouses, Multifamily properties
Square Feet
28,512 SF
Stories
2
Lot Size (sq. ft)
25,700 SF

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.7752123
Longitude
-86.1620016
534 Capitol Ave, Indianapolis, Indiana

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534 Capitol Ave
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