707-709 North Senate Avenue, Indianapolis, IN for sale

Investment Overview

707–709 N Senate Avenue presents a rare opportunity to acquire a centrally located industrial asset in downtown Indianapolis with significant flexibility for owner-users, investors, or redevelopment groups. The property consists of a ±13,333 SF industrial building constructed in 1962 along with an adjacent paved parking lot parcel totaling approximately ±0.75 acres. The single-story building features both an exterior dock door and drive-in loading, allowing functionality for warehouse, distribution, service, showroom, or operational users. Additional highlights include approximately 30 on-site parking spaces, CBD-2 zoning with secondary RC zoning, and a highly accessible downtown location near IU Health’s new campus and major regional transportation infrastructure. Currently vacant, the property offers immediate availability and a unique opportunity for industrial, flex, adaptive reuse, or mixed-use redevelopment within Indianapolis’ rapidly evolving urban core. With limited industrial inventory remaining within the CBD, the asset presents a compelling opportunity to reposition, occupy, or redevelop a well-located downtown site with strong long-term upside.

Investment Highlights

• Industrial building with adjacent paved parking lot parcel
• Year Built: 1962
• Building Size: ±13,333 SF
• Loading: 1 ext. dock and 1 drive-in
• Land Area: ±.75 acres
• Stories: 1
• Zoning: CBD2
• Secondary Zoning: RC
• Parking: ±30 spaces
• Parcel Numbers: 49-11-02-211-008.000-101 & 49-11-02-211-014.000-101
• Currently vacant Prime location near IU Health’s campus and major downtown infrastructure.
• Rare opportunity for industrial or mixed-use redevelopment within the CBD.