1408 Pennsylvania StIndianapolis, IN 46202

This 7,062 square foot mixed-use building, located at 1408 N Pennsylvania St in Indianapolis, Indiana, presents a unique investment opportunity. Built in 1901, this three-story Class C property boasts a 100% occupancy rate and a compelling 10% capitalization rate. The asking price is $895,000, translating to $126.73 per square foot. The property is zoned C4 and features five parking spaces. Currently configured as a creative office space, this single-tenancy building offers significant potential for redevelopment. Its prime location near hospitals, apartment complexes, and other businesses makes it ideal for a variety of uses. Conceptual designs, available via virtual 3D tours, showcase potential transformations into a restaurant with a VIP lounge and owner's suite, or a luxury single-family home suitable for short-term or mid-term rentals. The property's versatility and strong location make it an attractive investment for both seasoned and emerging investors seeking a high-return opportunity in a thriving Indianapolis neighborhood. The building's existing configuration as a creative office space provides immediate income generation while allowing for future adaptive reuse.