6555 Carrollton AveIndianapolis, IN 46220

For Sale
$1,100,000

Modern Office, Owner-User Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
91
This 4,464 square foot, Class A office building in Indianapolis' Broad Ripple neighborhood is for sale at $1,100,000. The two-story building, constructed in 1974 and extensively renovated in 2018, features 2,232 square feet per floor and offers versatile space ideal for owner-occupancy. The property includes 20 parking spaces with an approved parking lot barn, four restrooms (two per floor), and a new HVAC system, roof, and electrical system (circa 2018). The building boasts 600 amps of 3-phase and single-phase electric service, and a generator providing backup power for lighting, electric, and server air conditioning. The interior is designed with quality finishes and soundproofed offices. The main level features easily removable half-walls, allowing for flexible space configuration. The lower level has a dropped ceiling (currently 7.5 feet high) and a structural wall that could be opened to expand the space. A dedicated server room with air conditioning is also present. The current tenant's lease expires July 31, 2025, with potential for lease expansion. The property is zoned D-4 with a commercial/medical use variance and enjoys a prime location, just one block east of North College Avenue and south of East 66th Street, offering easy access to shopping, entertainment, and restaurants. The 0.39-acre lot provides ample space. The building is currently 49% occupied, with the occupancy date set for December 1, 2024.

Highlights

  • $1,100,000 asking price for this Class A, 4,464 SF office building in Indianapolis, IN.
  • Owner-user opportunity with a gross lease, currently 49% occupied, with one tenant whose lease expires 7/31/2025.
  • The property features 20 parking spaces and is situated on a 0.39-acre lot, zoned D-4 with a commercial/medical use variance.
  • Building improvements include a new roof, HVAC, and electrical system (circa 2018).
  • Located in Broad Ripple, one block east of North College Ave and south of East 66th Street, offering convenient access to shopping, dining, and entertainment.

Property Details for 6555 Carrollton Ave

Property type
Other retail properties, Other office properties
Square Feet
4,464 SF
Class
A
Year Built/Renovated
1974/2018
Buildings
1
Stories
2
Lot Size (sq. ft)
16,988 SF

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.8755334
Longitude
-86.1442177
6555 Carrollton Ave, Indianapolis, Indiana

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6555 Carrollton Ave
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