Indianapolis - MIDTOWN - Redevelopment

Transcription

1 Rendering Indianapolis - MIDTOWN - Redevelopment 638 East 38th Street - Indianapolis, IN BROKER DEVELOPER

2 FOR LEASE 638 East 38th Street Indianapolis, IN Gross Leaseable Area: 13,443 SF Available First Floor Retail: 7,469 SF Available Second Floor Office Space: 5,974 SF Basement Storage Space Available Full Interior and Exterior Renovation Planned DEMOGRAPHICS 3 miles 5 miles 10 miles Population 93, , ,286 Median HH Income $51,240 $48,353 $51,896 Households 41, , ,081 Daytime Population 54, , ,373 FIVE-MILE RADIUS DEMOGRAPHICS Property Co-Tenants: DaVita Signage: Pylon Signage Available 261, , ,757 Alternate Option: Full Demolition and BTS Population Households Daytime Population LOCATION SUMMARY The property is situated on the northeast corner of East 38th Street and North College Avenue, which is the most prominent east-west arterial in northern Indianapolis, Marion County. It is located one half mile west of the Indiana State Fairgrounds & Event Center, a 250 acre modern public event facility that hosts more than 400 meetings, shows, sports and agricultural events annually. 2017: 907,000 Visitors 2017: 191,000 Visitors 94th Annual: >100,000 Visitors 2017: >100,000 Visitors Indy Red Line Transit 38th & Park Station, the mid-town point that connects North Indy to Downtown, is within walking distance just one block west of the property. Construction to begin in Within the last year, 38th Street corridor underwent a $20 million rejuvenation and new plans continue for additional area growth. Two projects totaling $32 million at 38th Street & Illinois, 1 mile west of the property, is proposed to bring a grocery store and about 140 apartments. radar commercial real estate i 1917 e 110th street i indianapolis, in i i thomas english retail real estate, llc i 725 e 65th street, suite 300 i indianapolis, in i i

3 INDY S RED LINE TRANSIT The first all-electric bus rapid transit (BRT) service in the national and the first rapid transit service in Indiana The Red Line BRT will eventually connect the cities of Greenwood, Indianapolis, Carmel, and Westfield. The Red Line route will connect the state s two largest employment centers (downtown Indianapolis and jobs along U.S. Hwy 31 in Carmel) as well as the state s largest hospital and four major higher education institutions. The Red Line will offer a fast, frequent, and comfortable transportation option to over 100,000 people who will be within walking distance of the 35-mile corridor. The Red Line is proposed to be in completed in three phases Phase I: Within Indianapolis, from Broad Ripple through the new Downtown Transit Center and on to University of Indianapolis Phase II: Broad Ripple north to the cities of Carmel and Westfield Phase III: University of Indianapolis south to the City of Greenwood The BRT Service is proposed to run: 20 hours/day 7 days/week 365 days/year 14 hours/day - buses arrive every 10 minutes Remaining 6 hours - buses arrive every 20 minutes (very early morning and late evening)

4 Indianapolis, Indiana Indianapolis is the capital and largest city of Indiana located in Marion County. With an estimated population of 855,164 in 2016, it is the 3rd most populous city in the Midwest and 15th most populous in the U.S. The city is the economic and cultural center of the Indianapolis metropolitan area, home to 2 million people. The Midtown District is a destination...a valuable exonomic and cultural asset to the City of Indianapolis, in addition to serving as home to approximately 40,000 residents and many of the City s most venerable institutions of culture and learning. A district where the best of art, sports, culture, education, nightlife, and village living converge in the natural landscape 48,500 residents 45 institutions of arts & learning 20+ parks & public greenways 225+ local eateries and shops >3 million visitors per year 17 historic neighborhoods As the fastest growing Downtown in the Midwest, Downtown Indy offers an authentically-urban lifestyle. radar commercial real estate i thomas english retail real estate, llc i 1917 e 110th street More than 26 million annual visitors Home to 63,755 higher-education students 1.2 million square feet of commercial space will be renovated by 2018 Over 300 eating & drinking establishments and more than 200 retail businesses $2.8 billion of investments planned through ,000 new residential units will be added through 2018 i indianapolis, in 725 e 65th street, suite i indianapolis, in i i i i

5 INDIANAPOLIS MIDTOWN For more information, please contact: broker: John Byrne radar commercial real estate 1917 e 110th street indianapolis, in developer: Tom English ext. 106 tenglish@thomasenglish.com thomas english retail real estate 725 e 65th street suite 300 indianapolis, in