40 Monument Cir, Indianapolis, IN 46204
139,906 SF | 100% Leased | 4-Star Office Building | Indianapolis, IN 46204 | $35,000,000 ($250/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $35,000,000
- Property Type
-
Office
- Square Feet
- 139,906 SF
- Price / Square Foot
- $250
Listing Contacts
Rebecca Wells
Verified Profile
John Crisp
Verified Profile
Spud Dick
Verified Profile
- Property Info
Property Overview
40 Monument Circle is a premier, seven-story, mixed-use office and retail asset ideally situated on Monument Circle, the epicenter of Indianapolis, Indiana's state capital. The 139,906-square-foot property offers buyers an exceptional opportunity to create a modern and unique Class A+ office and retail environment tenants desire in the post-COVID era.
Tenants will enjoy unparalleled views, signage rights, and visibility in a highly walkable, vibrant, and active downtown. In addition to STAR Bank, four floors of office space are available, with an ideal floor plate of ±24,000 square feet. The spaces can be occupied by a combination of tenants up to ±100,000 square feet, and the expansive three-story lobby is ideal for conversion to tourism retail or high-end restaurant tenants.
40 Monument Circle sits in a fast-paced and research-forward community, notably one of the best business climates in the nation. The Indianapolis metro's infrastructure, location, and airport shipping services make ideal logistics ecosystems, along with the highly connected interstate system nearby. Widely referred to as the "Crossroads of America," Indianapolis represents the point of convergence for five interstates and several major markets, including Chicago, Louisville, Detroit, and Columbus, providing access to almost half of the United States population within one day's drive. 40 Monument Circle is primed to be a company's next headquarters location.
Tenants will enjoy unparalleled views, signage rights, and visibility in a highly walkable, vibrant, and active downtown. In addition to STAR Bank, four floors of office space are available, with an ideal floor plate of ±24,000 square feet. The spaces can be occupied by a combination of tenants up to ±100,000 square feet, and the expansive three-story lobby is ideal for conversion to tourism retail or high-end restaurant tenants.
40 Monument Circle sits in a fast-paced and research-forward community, notably one of the best business climates in the nation. The Indianapolis metro's infrastructure, location, and airport shipping services make ideal logistics ecosystems, along with the highly connected interstate system nearby. Widely referred to as the "Crossroads of America," Indianapolis represents the point of convergence for five interstates and several major markets, including Chicago, Louisville, Detroit, and Columbus, providing access to almost half of the United States population within one day's drive. 40 Monument Circle is primed to be a company's next headquarters location.
Property Details
- Class
- A
- Year Built
- 1998
- Stories
- 7
- Lot Size (sq. ft)
- 32,670 SF
Highlights
- 40 Monument Circle includes up to 100,000 SF of Class A+ vacant office space on Monument Circle, with attached parking and unrivaled signage.
- Rare owner/user opportunity to acquire a mixed-use, multi-tenant asset at less than half of the replacement cost for new construction.
- Existing tenants, Star Bank, Emmis, and Urban One, provide cash flow, pending occupancy or redevelopment of the lobby and upper office floors.
- Prestigious location with access to the highest pedestrian traffic counts in the city and media exposure along the Indianapolis skyline.
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