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Executive Summary

823 Chadwick Street presents a rare opportunity to acquire or lease a well-located 3,200-square-foot creative office building with an adjacent surface parking lot, positioned just steps from Lucas Oil Stadium.
For lease at $22.00/SF NNN, with historical triple nets estimated at $5.56/SF.
The property benefits from exceptional interstate access, while still being situated in a quaint, approachable setting that belies its proximity to downtown and the highway network.
The building will be available beginning June 1, 2026, presenting an opportunity for an owner-user or an investor to capitalize on parking income and re-lease the property following the current tenant’s departure.
In addition to historical building rental income, the property generates over $30,000 annually in event-driven parking revenue—creating an attractive supplemental income stream tied directly to its prime location.
The site is versatile and well-suited for traditional office use, creative office concepts, or even entertainment-driven uses given its proximity to the stadium and downtown’s cultural core. With its combination of downtown adjacency and long-term flexibility, 823 Chadwick Street represents a unique opportunity for both investors and owner-occupants.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,200 SF
Building Class
B
Year Built/Renovated
1990/2019
Price
$1,245,331 CAD
Price Per SF
$389.17 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.43 AC
Opportunity Zone
Yes
Zoning
CBD2
Parking
10 Spaces (3.14 Spaces per 1,000 SF Leased)
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100

Nearby Major Retailers

Starbucks
Hooters
Steak ‘n Shake
P.F. Chang's
Ruth's Chris Steak House
Yard House
The Old Spaghetti Factory
The Oceanaire Seafood Room
Anytime Fitness
Centier Bank

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 49-11-11-110-050.000-101
  • 49-11-11-110-039.000-101
Land Assessment
$266,327 CAD
Improvements Assessment
$86,105 CAD
Total Assessment
$352,432 CAD
  • Listing ID: 37787309

  • Date on Market: 2025-09-23

  • Last Updated:

  • Address: 823 Chadwick St, Indianapolis, IN 46225

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