640 North Capitol Avenue, Indianapolis, IN for sale

Investment Overview

Originally constructed in 1904, this architecturally distinctive mixed-use property offers a rare opportunity to acquire a historic downtown Indianapolis asset suited for office, retail, showroom, creative, or light industrial use. The four-story building with basement features durable historic construction, unique architectural character, and flexible functionality difficult to replicate in today’s market. The property includes one exterior loading dock, 10 on-site parking spaces, and a versatile layout capable of accommodating a variety of users or adaptive reuse concepts. Positioned along the Capitol Avenue corridor near downtown Indianapolis, the property combines historic charm with practical operational features and strong urban accessibility.

Investment Highlights

• Asset Type: office, retail and industrial building
• Year Built: 1904
• Building Size: ±55,000 SF including a 1st floor show room
• Loading: 1 exterior dock and 2 drive-ins
• Land Area: ±.67 Acres
• Stores: 4 floors and a basement
• Zoning: CBD2
• Secondary Zoning: RC
• Parking: ±10 surface spaces
• Durable Historic Construction: sturdy, explosion proof, and architecturally unique offering a strong foundation for reuse.