Receivership Sale: Madison Plaza | 170,000+ SF Class B Office | Indianapolis CBD

Investment Highlights

• Highly Visible Near-Downtown Location – Prominent frontage and signage exposure along South Madison Avenue with immediate access to I-70, I-65, and I-465.
• Large, Flexible Floor Plates – ±170,211 SF multi-story building with contiguous, adaptable layouts suitable for a wide range of office, service, and creative users.
• Abundant On-Site Parking – Approximately 400 surface parking spaces, providing a strong competitive advantage for near-CBD office and redevelopment uses.
• Amenity-Rich Asset – Features include a rooftop patio with skyline views, freight elevator, loading dock, and I-70 signage opportunities.
• Value-Add & Repositioning Potential – Well-suited for investors or owner-users seeking to execute a leasing, repositioning, or adaptive reuse strategy.
• Mixed-Use Redevelopment Optionality – Located in a path-of-progress corridor with a Mixed-Use future land use designation, supporting potential rezoning and redevelopment over time.

Offering Summary 

Friedman Real Estate, in conjunction with RealINSIGHT Marketplace, is pleased to present for sale Madison Plaza, a five-story, Class B office building totaling approximately 170,211 square feet located approximately 1.4 miles south of the Indianapolis CBD. The Property is situated at 1200 South Madison Avenue and benefits from strong visibility, signage exposure, and immediate access to the region’s primary transportation corridors.

Madison Plaza features large, flexible floor plates that can accommodate a broad range of office, service, and creative users. The Property is supported by approximately 400 on-site surface parking spaces, equating to a parking ratio that is increasingly difficult to replicate for near-downtown assets and provides a meaningful leasing and redevelopment advantage.

The building is further enhanced by a strong amenity package, including a rooftop patio with skyline views, a freight elevator, loading dock access, and prominent signage opportunities along I-70. The scale, layout, and infrastructure of the Property position it well for a variety of ownership and use strategies.

Located within a path-of-progress corridor, Madison Plaza’s future land use designation allows for the potential pursuit of mixed-use rezoning, creating optionality for long-term redevelopment or adaptive reuse. The Property represents a compelling opportunity for investors, owner-users, and developers seeking scale, visibility, parking, and upside in a near-downtown Indianapolis location.

 Auctioneer: Bryan P. Jackson c/o Fisher Auction Company Inc. License: AU09100175. Starting Bid: $450,000.