536 E Market St - Office FOR SALE


Indianapolis, IN 46204- Circle City
$3,900,000 USD
317-883-9125
536 E Market St, Indianapolis, IN for Sale
$3,900,000 USD
Office - FOR SALE
1/30
null | Request Cap Rate

Dec '26


536 E Market St
Indianapolis, IN 46204
Circle City


HIGHLIGHTS

  • Nearly 1 Acre with over 23,000sf
  • 20 +/- Parking spaces + Extra Lot
  • 524, 536, & 542 E Market Included
  • Zoned CBD-2 Allows Retail and Multi-Family
  • Same Owner Since 1960's and Well Maintained
  • Dry Sprinkler System

OVERVIEW

Rare opportunity to acquire a well-maintained, mixed-use investment property in the heart of Indianapolis. With over 20,000 square feet, this versatile site is zoned CBD-2, allowing for a wide range of uses including retail, office, and multifamily development. The property provides immediate income with tenants in place while offering exceptional flexibility for redevelopment or owner occupancy. Building features include elevator service, a dry sprinkler system, energy-efficient LED lighting throughout, and new AC units within the last 5 years. Over 20 paved parking spaces are included, with an additional gravel lot for more parking or future development potential. Located in the thriving Market East District, the property is minutes away from Mass Ave, the Cultural Trail, Gainbridge Fieldhouse, and some of the best dining in the city! Whether you're seeking a stable investment, value-add opportunity, or future redevelopment play, this site offers a unique combination of location, flexibility, and long-term upside in one of Indy's most dynamic urban corridors.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$186 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

DOWNTOWN OFFICES ON 1 ACRE

PROPERTY TYPE

Office

ADD'L SUBTYPES

undefined, Loft/Creative Space, Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

CBD-2

APN/PARCEL ID

49-11-01-187-084.000-101

ASK ABOUT THIS PROPERTY

Shelly JohnsonJohnson RealtyMore Info
317-883-9125

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Shelly JohnsonJohnson RealtyMore Info
317-883-9125

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.