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 | 10.01% Cap Rate

Nov '26


823 Chadwick St
Indianapolis, IN 46225
Old Southside


OVERVIEW

823 Chadwick Street presents a rare opportunity to acquire a well-located 3,200-square-foot office building with an adjacent surface parking lot, positioned just steps from Lucas Oil Stadium. 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 is currently leased through November 30, 2026. The tenant has outgrown the premises and will be vacating at the end of the term, positioning the asset as an ideal short-term investment with multiple future pathways. An investor can acquire the property, collect near-term cash flow, and then re-stabilize at higher market rents upon tenant rollover. Alternatively, an owner-user may purchase today, benefit from income in the interim, and transition the property to their own operations at lease expiration. The existing lease is structured as a triple net arrangement, with the tenant reimbursing all operating expenses to the landlord. This provides a passive investment opportunity throughout the remainder of the term. In addition to contractual rent, the property generates over $30,000 annually in event-driven parking revenue, which is included in NOI and cap rate calculations—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, near-term income security, 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

10.01%

% 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.