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6516 Ferguson St 1,924 SF 100% Leased Office Building Indianapolis, IN 46220 $750,000 ($389.81/SF)
Investment Highlights
- Heart of Broad Ripple retail/office property
- New roof and HVAC with 6 dedicated parking spaces on-site
- Ideal for owner-user, boutique retail, office, café, wellness, or creative studio use
Executive Summary
6516 Ferguson Street offers the opportunity to acquire a unique retail/office property within Broad Ripple. Situated on a quiet side street near the heart of the district, the property consists of approximately 1,924 SF on 0.18 acres and is currently configured for office in the front portion of the building (available 7.1.2026) and a restaurant concept (Wing Shack, lease until end of year 2028) operating out of the converted garage space.
Originally constructed as a residential home and later converted to commercial use, the property offers a distinctive and flexible environment well suited for office, boutique retail, wellness, studio, café, or service-oriented users. Property highlights include a new roof and HVAC system on the main portion, 6 dedicated on-site parking spaces, and close proximity to the restaurants, retail, and amenities that make Broad Ripple one of Indianapolis’ most established neighborhoods.
Ideal for an owner-user or investor seeking character-driven space in a highly desirable submarket with continued residential and commercial investment nearby.
Originally constructed as a residential home and later converted to commercial use, the property offers a distinctive and flexible environment well suited for office, boutique retail, wellness, studio, café, or service-oriented users. Property highlights include a new roof and HVAC system on the main portion, 6 dedicated on-site parking spaces, and close proximity to the restaurants, retail, and amenities that make Broad Ripple one of Indianapolis’ most established neighborhoods.
Ideal for an owner-user or investor seeking character-driven space in a highly desirable submarket with continued residential and commercial investment nearby.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$2,000
|
$0.43
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$2,000
|
$0.43
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $2,000 |
| Annual Per SF | $0.43 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $2,000 |
| Annual Per SF | $0.43 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
1,924 SF
Building Class
B
Year Built
1902
Price
$750,000
Price Per SF
$389.81
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
962 SF
Building FAR
0.25
Lot Size
0.18 AC
Zoning
ZO01 - Zoned CS
Front Portion - Office/Service Oriented/Retail
Rear Portion - Cafe/Food Service
Allows outdoor patio seating
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Wing Shack
- Accommodation and Food Services
- -
- -
- Full Service
- Dec 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Wing Shack | Accommodation and Food Services | - | - | Full Service | Dec 2028 |
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Very walkable
80/100
Moderately drivable
70/100
Limited public transit
30/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 49-03-36-100-045.000-801 | Improvements Assessment | $271,300 |
| Land Assessment | $126,600 | Total Assessment | $397,900 |
Property Taxes
Parcel Number
49-03-36-100-045.000-801
Land Assessment
$126,600
Improvements Assessment
$271,300
Total Assessment
$397,900
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Contact the Sale Advisor
6516 Ferguson St