Receiver Sale: Echelon Place | Indianapolis, IN

Highlights:

• Court-Ordered Receivership Sale
• Value-Add Upside Thru +/-52% Vacancy Lease-Up
• Mixed-Use Retail & Office Building with High Visibility & Traffic Counts in One of Indianapolis’ Largest Retail & Office Submarkets
• Prime Intersection of East 82nd Street and Allisonville Road Experiences +/-80,000 Vehicles-Per-Day
• Vacant Suites are 2nd Generation Modern Retail & Office Space
• Located Less than 30 Minutes from Downtown Indianapolis and Less than 20 Minutes to Affluent Northern Suburbs (Hamilton County-Carmel & Fishers)

Description:

RI Marketplace Online Auction June 9-11, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2459/receiver-sale-echelon-place-indianapolis-in?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=mixeduse_2459

Marcus & Millichap is pleased to present for sale Echelon Place, a +/-36,000 SF mixed-use retail and office building located in Indianapolis, Indiana. Echelon Place is currently in receivership and being sold through a court-ordered real estate auction.

The property recently had new leases executed for +/-48% of the building by 2 retailers located on the ground floor; leaving an incoming investor the opportunity to lease-up the 2nd & 3rd level suites. Built in 2003, the Property sits on +/-2 acres near the prime intersection of E 82nd Street and Allisonville Road, a heavily-traveled corridor on the northside of Indianapolis. The immediate 2-mile area is comprised of over 17M SF of class A/B office buildings & retail shopping centers; which includes both Castleton Square Mall and The Fashion Mall at Keystone, two of Indiana’s premier shopping malls. The property also benefits from being located at the entrance of Allison Pointe, a class A office park.

This offering is the perfect investment opportunity for any incoming investor looking for significant value-add upside potential through proactive leasing and property management and a property located in one of the densest commercial areas in Indianapolis. Lease-up of the existing vacant suites could significantly increase net operating income and property value.

Bryan P. Jackson
c/o Fisher Auction Company Inc.
License: AU09100175

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