231 S COLLEGE AVE INDIANAPOLIS IN 46202
Prime Owner-User Opportunity with in- Palce Income
Marketing description
231 S. College Avenue, together with the adjacent parking lot at 135 S. College, offers a rare owner-user opportunity in a rapidly evolving downtown Indianapolis submarket. The 16,295 SF multi-tenant building, renovated in 2019, provides up to 8,870 SF available for occupancy while generating income from existing tenants.
Situated on ±0.95 acres with 34 on-site parking spaces—a hard-to-find amenity in an urban, mixed-use environment—the property is ideally positioned just southeast of downtown and within walking distance to the restaurants, retail, and entertainment along Virginia Avenue. Surrounded by significant new multi-family development and offering convenient access to I-65/I-70, this location provides strong long-term growth potential and connectivity.
This is a unique opportunity to control occupancy costs while benefiting from in-place income in one of Indianapolis’ most active and transforming corridors
Investment highlights
231 S. College Avenue, togther with the adjacent parking lot at 135 S. College, presents a compelling owner-user investment opportunity in downtown Indianapolis. The 16,295 SFbuilding was completed remodeld in 2019 and offers approxiamelty 8,870 SF availabe for occupancy, while generating in-place income from established tenants, Mori Sushi and Barre3. The property benefits from ample on-site parking, a rare amenity in the urban core, and is ideally located within walking distance to the restaruants, retail and entertainment along Virginia Ave. This offering provides a unique opportunity to control occupancy costs while benfiting from existing cash flow in a highly walkable downtwn location.
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