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Cole-Noble

Cole-Noble

$463,670 Average Value

Cole-Noble is a happening neighborhood in downtown Indy

Cole-Noble was once an industry-heavy area of Indianapolis, but today it’s a dynamic downtown neighborhood with a mix of retail and residential. The walkable neighborhood has some great spots to grab a bite or a drink, and nightlife on Massachusetts Avenue is just a few blocks away. Young professionals are close to major employers like Lilly, Elevance Health and Indiana Farm Bureau Insurance. And even though most folks live in condos or apartments, the Cole-Noble Neighborhood Association brings neighbors together for events like the Annual Spring Celebration and a summer block party.

Parlor Public House is a coffee shop and cocktail lounge in Cole-Noble.
Parlor Public House is a coffee shop and cocktail lounge in Cole-Noble.
There are options for condos right next to downtown in Cole-Noble.
There are options for condos right next to downtown in Cole-Noble.
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A growing hub for bars, breweries and late‑night hangouts

The neighborhood has grown over the last decade and has quickly become a trendy area with wine bars, taprooms and cocktail lounges. “We’ve seen it grow from an industrial area, where at 5 p.m. businesses closed and the streets went dark, to a hip residential community with a great nightlife scene,” says Mark Easley, co-owner of the neighborhood’s Easley Winery. Some other neighborhood favorites include:

  • Parlor Public House, a coffee shop by day that transforms into a cocktail lounge by night
  • Sun King Brewery, a long-time staple headquartered in the neighborhood with more than 30 beverages on tap
  • Vida, a fine dining option and Indy’s only AAA Four Diamond Award-winning restaurant
  • The Great Divide, a low-key dive bar and restaurant with a laid-back patio
  • Mako Dab Bar, a welcoming “THC tavern” and dispensary in a former church
Even more nightlife is just a few blocks away on Massachusetts Avenue, or just Mass Ave to locals. You can walk to 16-Bit Bar and Arcade, which has more than 35 free-to-play vintage arcade games, or grab a slice at Bazbeaux, a beloved pizza shop.

Easley Winery offers tastings, a wine garden and Saturday concerts in the summer and winter.
Easley Winery offers tastings, a wine garden and Saturday concerts in the summer and winter.
Vida is one of the few restaurants in Indiana to earn AAA’s coveted Four Diamond award.
Vida is one of the few restaurants in Indiana to earn AAA’s coveted Four Diamond award.
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Small layouts appeal to renters, first‑timers and young professionals

The concrete landscape is studded with apartments, condos and townhouses. Most people rent, and it’s rare for homes to hit the market. Recent sales range from $225,000 for a one-bedroom condo to around $750,000 for a three-bedroom. “You’re not getting really large footprints, so your configurations are going to be sub-2,000 square feet,” says Timothy Birky, a Realtor with F.C. Tucker Company and a resident of nearby Chatham Arch. “That might be too small for an empty nester,” Birky says, “but it could be first-time buyers or young professionals. But it’s all a bit of a mix downtown.” Most buildings have their own parking garages, and street parking can be competitive.

Some condos have secure entrances in Cole-Noble.
Some condos have secure entrances in Cole-Noble.
Condos dominate the housing market in Cole-Noble.
Condos dominate the housing market in Cole-Noble.
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Sports venues, parks and the Cultural Trail are close by

Sports fans are just a few blocks from Gainbridge Fieldhouse, home to the Pacers and the WNBA’s Fever, and the Colts’ Lucas Oil Stadium. You’re also within a 10-minute walk from concerts and performances at the Old National Centre. Bikers can hop on the Cultural Trail, which threads Indy’s cultural districts together. If you’re looking for greenspace, there’s a few nearby options:

  • The Heart of Cummins Green, a public green space next to Cummins Inc.
  • Richard Lugar Plaza, which has trails, picnic tables and a free dog park
  • University Park, an urban park with statues and a large fountain
  • White River State Park, which includes the Indianapolis Zoo, Everwise Amphitheater and the Canal Walk
White River State Park is also home to the Indiana State Museum and the Eiteljorg Museum of American Indians and Western Art.

Lucas Oil Stadium is home to the Indianapolis Colts.
Lucas Oil Stadium is home to the Indianapolis Colts.
Residents enjoy scenic views of the White River at White River State Park.
Residents enjoy scenic views of the White River at White River State Park.
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How a former car factory anchors a major neighborhood revival

Cole-Noble’s industrial roots include the Cole Motor Company, which built luxury cars in the neighborhood in the early 1900s. The company closed in 1925, and the building was used as a county jail in the mid-1990s. Now the former car factory is getting a new lease on life with an $84 million redevelopment project. The mixed-use building will have over 200 apartments plus 30,000 square feet of space for shops, restaurants and other perks. “That’s a project that’s been in the works for a while,” Birky says.

Walk, bike or bus around downtown with fast routes to major employers

You can easily walk or bike to bars, coffee shops and city parks, but there’s also a handful of IndyGo bus stops. Indy’s Amtrak station is a mile away. “If someone is living downtown and traveling somewhere else, you have immediate access to I-65 and I-70,” Birky says. “If you have people working at the large companies like Eli Lilly or Elevance Health or Farm Bureau [Insurance], that’s really nice. That’s a really short commute.”

Nearby nightlife, traffic and downtown events can make some areas noisy in the evenings. A long-standing figure in Cole-Noble is Wheeler Mission, a non-denominational, Christian social services organization that has served Indy for more than 125 years and offers support for people experiencing homelessness.

Cole-Noble residents often commute via bicycle.
Cole-Noble residents often commute via bicycle.
IndyGo has many convenient bus stops throughout Cole-Noble.
IndyGo has many convenient bus stops throughout Cole-Noble.
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Local events through the neighborhood association

Apartment buildings and multifamily communities often have their own get-togethers, and the Cole-Noble Neighborhood Association organizes larger events like the Annual Spring Celebration, an evening of local entertainment and food. The summer block party has live music, food trucks and activities for all ages. Easley Winery puts on a free concert series, and Sun King Brewery regularly has events.

Leslie Klosterman
Written By
Leslie Klosterman
Luke Mancari
Video By
Luke Mancari

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Schools

Source:
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Parks in this Area

Transit

Airport

Indianapolis International

26 min drive

Bus

Washington St & Davidson St

Bus

Ohio St & Park Ave

Bus

Washington St & Park Ave

Reviews

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Crime and Safety

1 - Low Crime, 10 - High Crime Cole-Noble US
Homicide 8 4
Sexual Assault 8 4
Assault with Weapon 7 4
Robbery 6 4
Burglary 9 4
Motor Vehicle Theft 9 4
Larceny 8 4
Crime Score 6 4

Source: WhatIsMyCrimeRisk.com

Neighborhood Facts

Number of Homes
17
Median Year Built
1958
Average Single Family Home Size Sq Ft
2,008
On par with the national average
1,931
Average 2 Bedroom Size Sq Ft
1,303
Average 1 Bedroom Size Sq Ft
927
Median Lot Size Sq Ft
3,049

Distribution of Home Values

Source: Public Records

Homes for Rent

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Demographics

Total Population
595
Median Age
39
Population Density
13 ppl/acre
Population under 18
9.7%
Below the national average
23.8%
Population over 65
15.5%
On par with the national average
19.1%

Finances

Median Household Income
$107,237
Significantly above the national average
$79,601
Average Household Income
$154,081

Education and Workforce

High School Graduates
78.5%
Below the national average
89%
College Graduates
48.3%
Above the national average
34.1%
Advanced Degrees
17.6%
% Population in Labor Force
56.2%

Weather

Annual Precipitation
43''
Average Winter Low Temperature
21°F
Average Summer High Temperature
85°F
Annual Snowfall
16''

Area Factors

Moderately friendly

Bike Score®

70 / 100

Very friendly

Walk Score®

80 / 100

Fairly friendly

Transit Score®

50 / 100
Source: Local Logic
Sources: Local Logic

Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Nearby Neighborhoods

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.