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823 Chadwick St 3,200 SF Retail Building Indianapolis, IN 46225 $1,245,331 CAD ($389.17 CAD/SF)



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.
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
Property Taxes
| Parcel Numbers | Improvements Assessment | $86,105 CAD | |
| Land Assessment | $266,327 CAD | Total Assessment | $352,432 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$266,327 CAD
Improvements Assessment
$86,105 CAD
Total Assessment
$352,432 CAD
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823 Chadwick St
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