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$659,000 -

2501 Madison Avenue Indianapolis IN 46225

-
Bedrooms
-
Baths
N/A
SQ. Feet
(Above Ground)
0.32
Acres

Turnkey 6,982 SF freestanding Office Building. Multiple Entrances, Numerous Amenities, Private Parking Lot, and Recent Renovations. Rare opportunity in the revitalizing Garfield Park South neighborhood- just off Madison Avenue, where major infrastructure improvements are underway as part of a $45.2 million redevelopment plan stretching from Ray Street to Hanna Avenue. Offered at an Investor-friendly 8% CAP RATE! Built in 1962, the building underwent full interior renovations between 2018-2020, including full office build-outs, updated flooring, interior paint, mechanicals, and roofing. Flexible and functional layout. D5 zoning with a commercial variance. Ideal for owner-users or investors seeking multi-tenant potential. The building features a split-level floor plan with approximately 3,446 SF on each level. The main level includes: 9 private offices, a Reception desk and waiting area with 2 public entrances, 2 restrooms, Conference room, 2 secure equipment/storage rooms for security, cabling, or IT infrastructure. The lower level features 7.5-foot drop ceilings, and includes: 5 offices, Large open workroom and conference area, 1 restroom. Multiple CoWorking Offices/Areas throughout. The building has 3 separate entrances and 2 electric meters, making it easily divisible for 2-3 tenants. The main and lower levels are organized for a single occupant but could be reconfigured to accommodate multiple suites. Additional features include: Newer roof (2020), New gas furnaces (2019), High-tech security and camera system, Secure entry points throughout, 15 parking spaces onsite. Well-maintained, updated, move-in-ready asset in a fast-improving corridor-just minutes from downtown and surrounded by ongoing investment and development. Location Advantages: Approx- 6,818 AADT, Minutes from downtown Indianapolis - Close proximity to major commuter routes, 1.3mi to nearest I-65 exit, and easy access anywhere downtown and metro areas.

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Property Details

Price: $659,000 Previously: $659,000 Originally: $659,000 Bathrooms: 0.00 MLS #: 22050885 Year Built: 1962 Township: Center Sq. Ft Total: 6,982 Type: Commercial Sale Zip Code: 46225 City: Indianapolis Subdivision: Empty County: Marion School District: Indianapolis Public Schools

Interior Features

Interior Features:
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas

Exterior Features

Exterior Features:
  • # Acres: 0.32

Listing Office: Berkshire Hathaway Home

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All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2025 MIBOR Broker Listing Cooperative®. All rights reserved.

Listing information last updated on September 13th, 2025 at 5:41pm EDT.

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