Listed by Friedman Real Estate, Friedman Real Estate IL LLC
Unpriced
Madison Plaza
Details
APN 49-11-13-196-001.000-101
Property Type Office
Sub Type Executive Office
Square Footage 170,211
Tenancy Vacant
Class B
Year Built 1927
Year Renovated 2009
Stories 5
Acreage 3.720
Zoning C-3; Neighborhood Commercial District
Parking Spaces 400 spaces
Parking per 1,000 SqFt 2.35
Office | 170,211 SqFt
Investment highlights
- Madison Plaza: A 5-story Class B office building totaling ±170,211 gross square feet located approximately 1.4 miles south of Indianapolis CBD
- Iconic Near-Downtown Location: Positioned just south of the Indianapolis CBD with strong visibility along Madison Avenue and quick access to I-70, I-65, and I-465.
- Large, Flexible Floor Plates: Multi-story building with contiguous & flexible spaces suitable for tenant sizes common in today's market.
- Abundant On-Site Parking: Approximately 400 surface parking spaces, a significant competitive advantage for near-CBD properties
- Amenity-Rich Asset: Rooftop patio with skyline views, I-70 signage opportunities, loading dock, freight elevator, and on-site amenities enhancing tenant retention and branding.
- Value-Add Leasing Opportunity: Ability to drive NOI exponentially through lease-up of existing suites.
- Redevelopment Upside: Situated in a path-of-progress corridor, the site's land use plan is Mixed-Use, which allows the request for rezoning to mixed-use district, which would permit developments with retail, service, office, and residential.
- Auction Sale April 13 - April 15
Listing Contacts
Listed by Friedman Real Estate, Friedman Real Estate IL LLC
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Zoning
C3 CommercialNeighborhood CommercialNeighborhood Commercial District
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View all 152 uses Last updated May 11, 2026 For deeper zoning details, reports are available at Zoneomics
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