About This Restaurant
Investment Highlights
75% Occupancy Renovated in 2022
Executive Summary
Historic Rusch Building built in 1867-1868 and renovated in 2022. Zoned CBD2 with 34,551 SF, 3 stories plus basement, on 0.25 acre. New HVAC, electric, plumbing and roof. 75% leased, 1st floor unoccupied. Great location downtown close to the Convention Center, Lucas Oil Stadium, Indianapolis Zoo, Miles Square, Victory Field, and high density hospitality. High traffic walking district with shopping, entertainment, and dining.
Property Details
- Sale Type Investment or Owner User
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Bar General Retail Storefront Retail/Office Restaurant
- Building Size 35,000
- Building Class C
- Year Built/Renovated 1880/2022
- Percent Leased 38
- Tenancy Multiple
- Building Height 4 Stories
- Slab To Slab 10?
- Building FAR 1.00
- Land Acres 0.80 AC
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Amenities
- Restaurant
Nearby Amenities & Transportation
| Retail | Steak ?n Shake | ||
| Retail | Tupelo Honey | ||
| Retail | Anytime Fitness | ||
| Retail | Centier Bank | ||
| Retail | Hooters | ||
| Retail | P.F. Chang's | ||
| Retail | Sugar Factory | ||
| Retail | Ruth?s Chris Steak House | ||
| Retail | The Oceanaire Seafood Room | ||
| Retail | Yard House |
Property Taxes
| Parcel Number | 49-11-12-238-007.000-101 49-11-12-238-006.000-101 49-11-12-238-014.000-101 | Improvements Assessment | $2,016,600 |
| Land Assessment | $1,083,200 | Total Assessment | $3,099,800 |
| Date Created: | 2024-07-16 04:13:41 | Last Updated: | 2024-07-16 04:13:41 |
| Address: | 247 S Meridian St , Indianapolis, Indiana, 46225 | ||