823 Chadwick St - Storefront Retail/Office FOR SALE


Indianapolis, IN 46225- Old Southside
$899,000 USD
317-460-6718
823 Chadwick St, Indianapolis, IN for Sale
$899,000 USD
Storefront Retail/Office - FOR SALE
1/13
null | Request Cap Rate

Jun '26


823 Chadwick St
Indianapolis, IN 46225
Old Southside


OVERVIEW

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 $7,333 per month plus utilities. For sale at $899,000. 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 SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$281 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

CBD2

APN/PARCEL ID

49-11-11-110-039.000-101,49-11-11-110-050.000-101

ASK ABOUT THIS PROPERTY

Eric AhonenMeridian and Market CREMore Info
317-460-6718

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Eric AhonenMeridian and Market CREMore Info
317-460-6718

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