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Investment Highlights

  • 81,275-square-foot office building for sale.
  • Several renovations made in 2021-2022.
  • Prime location on N Keystone Avenue.
  • High return on investment with a 10% cap rate
  • High occupancy rate.
  • Diverse floor plans.

Executive Summary

Property Description:
Introducing a prime opportunity for office building investors in the heart of Indianapolis, IN, with a high return at a 10% cap rate. This building boasts a professionally updated look, glass-enhanced entry doors, updated LED lighting throughout, updated multi-use large conference room on the 1st floor, & very well manicured. All restrooms & hallways have been updated & it is mechanically sound. With a solid occupancy of 92%, this property presents a compelling investment prospect in a thriving commercial market with a desirable ZO01 zoning designation. Its strategic location offers excellent accessibility & exposure, ensuring a prominent position for tenants. Embrace the potential of this well-maintained, high-performing asset, perfectly positioned to deliver strong returns in the dynamic Indianapolis area.
Location Description:
Discover the thriving business environment surrounding Willowbrook IV in Indianapolis, Indiana. Located on the bustling North Keystone Avenue, the area provides convenient access to a variety of amenities & attractions. Just moments away, the renowned Broad Ripple Village offers an array of dining, retail, and entertainment options, while the attractive amenities of the Midtown area are within easy reach. With its close proximity to Downtown Indianapolis and major transportation routes, the location presents an ideal opportunity for office-building investors seeking a dynamic and well-connected business locale.

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Property Facts

Sale Type
Investment
Property Type
Office
Building Size
82,000 SF
Building Class
B
Year Built/Renovated
1970/2022
Price
$9,303,816 CAD
Price Per SF
$113.46 CAD
Cap Rate
10%
NOI
$930,382 CAD
Percent Leased
98%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
82,000 SF
Slab To Slab
9’
Building FAR
0.56
Lot Size
3.36 AC
Zoning
ZO01 - Commercial
Parking
300 Spaces (3.66 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Banking
  • Controlled Access
  • Conferencing Facility
  • Security System
  • Signage
  • Storage Space
  • Air Conditioning
  • Fiber Optic Internet

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 4th Fl-Ste 450
  • 1,400 SF
  • Office
  • Full Build-Out
  • Now
Space Size Space Use Build-Out Available
4th Fl-Ste 450 1,400 SF Office Full Build-Out Now

4th Fl-Ste 450

Size
1,400 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
49-07-08-101-031.000-801
Land Assessment
$815,218 CAD
Improvements Assessment
$3,677,006 CAD
Total Assessment
$4,492,224 CAD
  • Listing ID: 36053417

  • Date on Market: 2025-05-30

  • Last Updated:

  • Address: 4701 N Keystone Ave, Indianapolis, IN 46205

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