429 E Vermont St | Indianapolis, IN 46202
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- LoopNet Team
429 E Vermont St
Indianapolis, IN 46202
The Academy at Lockerbie · Office Property For Sale
INVESTMENT HIGHLIGHTS
- 100% Leased Downtown Indianapolis Office Building
- Historic, renovated office building with 33 small office suites providing excellent risk mitigation, and attractive lease terms & rates for tenants
- Significant built-in rent increases for existing tenants, and below market rates allowing for quick and significant upside potential
- Located 1 block from Massachusetts Ave, a major restaurant, shopping and entertainment district in Indianapolis
- 30 surface parking spaces in 2 lots included with property
PROPERTY FACTS
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
30,769 SF
Building Class
B
Year Built
1911
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
7,692 SF
Slab To Slab
12’
Building FAR
1.44
Lot Size
0.49 AC
Zoning
CBD2
Parking
30 Spaces (0.98 Spaces per 1,000 SF Leased)
AMENITIES
- Controlled Access
- Conferencing Facility
- Hardwood Floors
- Outdoor Seating
- Balcony
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $648,700 | |
| Land Assessment | $937,400 | Total Assessment | $1,586,100 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$937,400
Improvements Assessment
$648,700
Total Assessment
$1,586,100
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