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
- Historic, restored downtown office building
- 98% leased with significant built-in rent growth + Opportunity to add 990 SF to rent roll for future revenue increases
- 1 block off of Mass Ave, the premier restaurant and entertainment district in downtown Indianapolis
- Irreplaceable location in historic Lockerbie Square neighborhood
- 24 suites under 1,000 RSF, filling a large void in the downtown office market with significant demand
- 2 surface parking lots with 30 total parking spaces in with room for monthly rental rate growth
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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