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1200 S Madison Ave
Indianapolis, IN 46225
Madison Plaza · Office Property For Sale
Investment Highlights
- Large, Flexible Floor Plates: Multi-story building with contiguous & flexible spaces suitable for tenant sizes common in today's market.
- Value-Add Leasing Opportunity: Ability to drive NOI exponentially through lease-up of existing suites.
- Abundant On-Site Parking: Approximately 400 surface parking spaces, a significant competitive advantage for near-CBD properties
Executive Summary
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. 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. 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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
170,211 SF
Building Class
B
Year Built/Renovated
1927/2009
Percent Leased
86%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
33,042 SF
Building FAR
0.86
Lot Size
4.55 AC
Zoning
C-3 - Neighborhood Commercial District
Parking
400 Spaces (2.35 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 49-11-13-196-001.000-101 | Improvements Assessment | $18,404,595 CAD |
| Land Assessment | $1,462,060 CAD | Total Assessment | $19,866,655 CAD |
Property Taxes
Parcel Number
49-11-13-196-001.000-101
Land Assessment
$1,462,060 CAD
Improvements Assessment
$18,404,595 CAD
Total Assessment
$19,866,655 CAD
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