Indianapolis, IN Office Property For Sale

The Academy Building is a beautiful, historic multi-tenant office building in the heart of downtown Indianapolis. Built in 1911 as the St. Mary’s Academy, an all-girl school run by the Sisters of St. Francis, 429 E Vermont embodies a beautifully preserved snapshot in history. The Academy Building stands 86.6% occupied today by twenty-one (21) tenants from a wide variety of industries and serves as the headquarters for The Health Foundation of Greater Indianapolis. This offering provides an investor the extremely rare opportunity to buy an irreplaceable, historic asset with secure in-place cash flow in the heart of downtown Indianapolis at far below replacement cost.

The Hartsfield Building is an 88,499 SF Office/Industrial building located on 15.10 acres in the heart of Ameriplex one of Indianapolis’s most prolific and growing business parks.? The asset is strategically located in Indianapolis’s southwest submarket with immediate access to I-465 and I-70.? The 45.83% leased property benefits from long term tenant occupancy and the potential to complete the lease up of the existing office, redevelop the remaining vacancy in the property to light industrial and develop a new building on the 2.38 acres of access property on the south side of the property.?

The Property is located in an Qualified Opportunity Zone providing a significant prospect to redevelop the site for long term benefit for the area and the investor.? The potential to redevelop the remaining vacancy as well as the excess land providing the option to develop a new building make the site a phenomenal contender for an opportunity zone transaction.?

± 19,000 SF redevelopment opportunity available

± 0.74 excess acres

Recently rezoned to D8

One mile from downtown Indianapolis

One of few remaining redevelopment parcels available

Excellent surrounding market momentum: Roberts School Flats, The People’s Health Center + John Boner Neighborhood Center

Numerous nature, retail + dining amenities including Mayfair Taproom + Beholder (by the famed chef, Jonathan Brooks)

Easy access to I-465 and I-70

Close proximity to Circle City Industrial Complex + The Junction

Nearby neighborhoods: Highland Park, Holy Cross, Fountain Square + Irvington

Asking Price: $750,000

± 28,266 SF total

Building signage available

Video building security

Abundant parking

Quick I-465 access

Less than 20 minutes from the Indianapolis International Airport

Unbeatable amenity base (lodging / dining / shopping)

Occupancy: 79.86%

Year One NOI is $160,193

Sale Price: $1,600,000 ($56.61 / SF)

61,248 gross sf | 56,400 RSF

Built it 1912 (renovated in 1981 + 2005)

Floorplate: 7,500 SF

8 stories with semi-finished storage utility space in the lower level

Located in the “hot” northeast quadrant of CBD

With visibility to over 125,000± vehicles each day, this property is zoned C-5, which allows for a wide variety of uses.

Located on Indy’s west side at 10th street and 1-465, the property also includes a large pylon sign with enormous visibility from the interstate.

Highlights

7,992 SF Building-Expandable

Zoned C-5

Large Pylon sign with 1-465 visibility

125,000± Vehicles Per Day

1.16 Acres

48+ Parking Spaces

2,000 SF Free-standing building

Divided into 5 private offices

2 large work areas

2,000 SF basement for storage

Situated on 1.2 acres

Zoned C-2

Convenient to downtown & interstate systems

> 7-minute walk to IUPUI & hospital complex

> 7,000 – 21,000 SF & 40,000 – 120,000 SF available

> Adjacent $23 million mixed-use project

> Ample free parking

> Multiple parcels for development

> Great green space within historic Bush Stadium

> Walking / biking path / direct connection to IUPUI campus & Eskenazi Hospital

> Part of 16 Tech (www.16techindy.com)

Rare ownership opportunity

3-story building available for purchase or lease

10,285 RSF

Abundant parking

Exterior & monument signage available

Strong US31 & I-465 access

Surrounded by numerous dining & retail amenities

Well under replacement cost

Highly Leasable Vacancy

3-story, ± 30,000 SF building available for purchase or lease

Abundant parking (6.4 / 1,000)

Exterior and monument signage available

Strong US-31 & I-465 access

Surrounded by numerous dining and retail amenities

Priced 30% below replacement cost

Lease Rate: $16.50 / SF Net Utilities and Janitorial Services

Health & Hospital Corporation occupies 69% of building through June 2028

10,285 SF remaining on 3rd floor

Exposed high ceilings

Exterior signage available

Numerous parking options in close proximity / controlled

Located on IndyGo bus line

Unbeatable amenity base (lodging/dining)