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10k Sq Ft Heart of Irvington 5501 E Washington St 10,000 SF 100% Leased Retail Building Indianapolis, IN 46219 $1,100,000 ($110/SF)
Executive Summary
Position your business or investment in the heart of Irvington Historic District with this substantial commercial opportunity at 5501 EWashington St. Offering over 10,800 square feet across two levels and spanning three parcels, this property delivers the scale andflexibility rarely found in this highly sought-after corridor. The upper level features finished suites ready for immediate use, while themain level provides a blank canvas for redevelopment or customization to suit your vision. A large on-site parking lot with capacity for30+ vehicles adds convenience for tenants and customers alike, with potential for additional income. Surrounded by local landmarks,parks, and neighborhood businesses, this location offers both character and connectivity in one of Indianapolis’ most establisheddistricts. Ideal for office, retail, mixed-use, or redevelopment—this is a standout opportunity to create something impactful.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,000 SF
Building Class
C
Year Built
1913
Price
$1,100,000
Price Per SF
$110
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
11’
Building FAR
0.53
Lot Size
0.43 AC
Zoning
commercial
Parking
35 Spaces (3.5 Spaces per 1,000 SF Leased)
Frontage
54’ on E Washington St
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-10-03-223-043.000-701 | Improvements Assessment | $392,500 |
| Land Assessment | $17,600 | Total Assessment | $410,100 |
Property Taxes
Parcel Number
49-10-03-223-043.000-701
Land Assessment
$17,600
Improvements Assessment
$392,500
Total Assessment
$410,100
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10k Sq Ft Heart of Irvington | 5501 E Washington St