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501 N College Ave 7,500 SF Retail Building Indianapolis, IN 46202 For Sale
INVESTMENT HIGHLIGHTS
- Parking lot availability
- Easy intestate access including I-65, I-70, and I-465
- Building elevator services 1st - 3rd floors
EXECUTIVE SUMMARY
Rare historic opportunity in a prime location within the Bottleworks and Mass Ave node. Space provides 2 full-service bars, a small kitchen with a hood, and walk-in cooler. Building provides ample storage and electric, along with a 3-story elevator for easy accessibility. Walking distance to a variety of dining and entertainment venues, along with tremendous population growth. Amenities surrounding include Bottleworks Hotel, Mesh, Livery, The Fountain Room, The Rathskeller, BODHI, The Garage Food Hall, PiNS Mechanical Company, Stretchlab, Sandbox VR, Penn & Beech, and many more!
PROPERTY HIGHLIGHTS
• Kitchen space with a hood and walk-in cooler
• Full-service bar downstairs and upstairs
• Parking lot availability
• Building elevator services 1st - 3rd floors
• Unfinished basement and 3rd floor
• Located between Lockerbie and Chatham-Arch neighborhoods
• Easy intestate access including I-65, I-70, and I-465
• Can be converted to mixed-use - with appropriate approvals
PROPERTY HIGHLIGHTS
• Kitchen space with a hood and walk-in cooler
• Full-service bar downstairs and upstairs
• Parking lot availability
• Building elevator services 1st - 3rd floors
• Unfinished basement and 3rd floor
• Located between Lockerbie and Chatham-Arch neighborhoods
• Easy intestate access including I-65, I-70, and I-465
• Can be converted to mixed-use - with appropriate approvals
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,500 SF
Building Class
C
Year Built
1900
Tenancy
Single
Building Height
3 Stories
Slab To Slab
10’
Building FAR
2.46
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
I-3
Frontage
90’ on N College Ave
Walk Score®
Walker's Paradise (92)
Bike Score®
Biker's Paradise (97)
NEARBY MAJOR RETAILERS
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
PROPERTY TAXES
| Parcel Number | 49-11-01-122-146.000-101 | Improvements Assessment | $121,400 (2024) |
| Land Assessment | $32,800 (2024) | Total Assessment | $154,200 (2024) |
PROPERTY TAXES
Parcel Number
49-11-01-122-146.000-101
Land Assessment
$32,800 (2024)
Improvements Assessment
$121,400 (2024)
Total Assessment
$154,200 (2024)
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501 N College Ave
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