1810 Broad Ripple Ave 15,992 SF 83% Leased Office Building Indianapolis, IN 46220 $1,300,000 ($81.29/SF) 8.01% Cap Rate

The DiSalvo | Bender | Nulf Group of Marcus & Millichap is pleased to present to market the opportunity to acquire 1810 Broad Ripple Avenue – a roughly 15,992 square foot mixed-use building situated in the heart of the highly sought-after Broad Ripple neighborhood of Indianapolis. This well-positioned asset is anchored by The Toggery Resale Boutique, a staple retail tenant with long-standing roots in the Indianapolis market. Currently operating at 83% occupancy, this property offers a rare opportunity to acquire a stable, cash-flowing investment with significant upside potential through lease-up of the remaining vacancy.
Market: Broad Ripple is one of Indianapolis’ most vibrant and walkable urban neighborhoods, known for its eclectic mix of restaurants, boutiques, entertainment venues, and residential charm. The neighborhood of Broad Ripple maintains a high demand for commercial and mixed-use space due to its strong demographics, historic appeal, and close proximity to downtown Indianapolis. The area's continued growth and popularity contribute to high tenant retention and strong investor interest.
Location: Ideally situated in Broad Ripple Village, 1810 Broad Ripple Avenue offers unmatched visibility and accessibility. The property benefits from strong pedestrian and vehicle traffic, a dense surrounding residential base, and proximity to major thoroughfares including College Avenue and Keystone Avenue. Indianapolis’ robust economic base, expanding development pipeline, and investment-friendly climate further reinforce this property’s appeal.
Why 1810 Broad Ripple Ave.?
With reliable existing income and a prime location in one of Indianapolis' most desirable neighborhoods, 1810 Broad Ripple Avenue is an exceptional investment opportunity for those seeking both near-term cash flow and long-term upside. The building’s mixed-use layout, established tenants, and location-driven demand make it an ideal fit for value-add investors and 1031 exchange buyers alike.
Stable Current Tenant Mix: 1810 Broad Ripple Avenue is currently 83% occupied, led by anchor tenant The Toggery Resale Boutique—a well-known local brand that has become a cornerstone of the immediate community. The existing tenant mix provides some in-place cash flow and demonstrates the property's appeal to lifestyle, retail, and service-oriented tenants. With nearly 17% of the property still available for lease, investors have the opportunity to add value through new leasing, while benefiting from existing stability.
Property Features: This 15,992 square foot mixed-use building combines charm and functionality, with flexible layouts that appeal to a range of tenants. The property provides on-site parking, prominent signage opportunities, and ease of access for both tenants and customers. The structure and interiors are well-maintained, offering an inviting atmosphere that aligns with the community-focused spirit of Broad Ripple.