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DOWNTOWN OFFICES ON 1 ACRE 536 E Market St 20,952 SF 100% Leased Office Building Indianapolis, IN 46204 $3,900,000 ($186.14/SF)
Investment Highlights
- Nearly 1 Acre with over 23,000sf
- 524, 536, & 542 E Market Included
- Same Owner Since 1960's and Well Maintained
- 20 +/- Parking spaces + Extra Lot
- Zoned CBD-2 Allows Retail and Multi-Family
- Dry Sprinkler System
Executive Summary
Rare opportunity to acquire a well-maintained, mixed-use investment property in the heart of Indianapolis. With over 20,000 square feet, this versatile site is zoned CBD-2, allowing for a wide range of uses including retail, office, and multifamily development. The property provides immediate income with tenants in place while offering exceptional flexibility for redevelopment or owner occupancy. Building features include elevator service, a dry sprinkler system, energy-efficient LED lighting throughout, and new AC units within the last 5 years. Over 20 paved parking spaces are included, with an additional gravel lot for more parking or future development potential. Located in the thriving Market East District, the property is minutes away from Mass Ave, the Cultural Trail, Gainbridge Fieldhouse, and some of the best dining in the city! Whether you're seeking a stable investment, value-add opportunity, or future redevelopment play, this site offers a unique combination of location, flexibility, and long-term upside in one of Indy's most dynamic urban corridors.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Building Size
20,952 SF
Building Class
B
Year Built
1890
Price
$3,900,000
Price Per SF
$186.14
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,800 SF
Slab To Slab
12’
Building FAR
0.50
Lot Size
0.96 AC
Opportunity Zone
Yes
Zoning
CBD-2 - Mixed use commercial zoned- CBD-2, allows for a wide range of uses including retail, office, and multifamily development.
Parking
20 Spaces (0.95 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Fenced Lot
- Air Conditioning
Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 49-11-01-187-084.000-101 | Improvements Assessment | $81,400 |
| Land Assessment | $173,200 | Total Assessment | $254,600 |
Property Taxes
Parcel Number
49-11-01-187-084.000-101
Land Assessment
$173,200
Improvements Assessment
$81,400
Total Assessment
$254,600
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