Downtown Indianapolis Condo Sells for Record $4.8 Million!

[Matthew Schroeder]

This is a pretty incredible sale for the City of Indianapolis!  Sotheby's says it is a record.

The buyer paid $4.8 million for a 5,514 square foot condominium in downtown Indianapolis.  That works out to a stunning $870/sf!  That $/sf may not be all that surprising in some of the larger, more popular coastal cities (NYC, SF, etc.) but in a city where $100 - $200 / sf can get you a property in a top neighborhood (Meridian Hills, Broad Ripple and others), that is quite a sale.

Downtown Indianapolis Condo goes for $4.8 MM in Possible Record Sale