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Taylor Thomas

realtor@taylorthomasrealty.com +1(317) 502-5098

Listed by Randall Reichmann • United Real Estate Indpls

$ 3,900,000

Est. payment | -/mo

43,000 SqFt

Save

$ 3,900,000

Est. payment | -/mo

Save

43,000 SqFt

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 43,000 sqft

Price per Sqft $90

MLS Listing ID 21984523

Year Built 1973

Tax Year 2023

Lot Size 5.500 Acres

Acres 5.5

Property Sub-Type Industrial

Property Description

FANTASTIC INVESTMENT PROPERTY!! 40,000 sq ft building on 5 .5 acres close to downtown Indianapolis. Owner recently sold business. New business owner is a manufacturing company, financially strong and has a 5 year lease on entire property with a 5 year extension option. Base rent is $20,833/month with a 3% increase each year. Tenant is responsible for insurance. Landlord is responsible for roof and taxes. Property has been meticulously maintained and is completely fenced with chainlink fence. Over 1200 sq ft of office space with seperate bathrooms, heated and cooled. Site was orginally used as industial dry-cleaning facility from 1960s until 2003. Property was classified as a "Brownfield Site" and maintains a Sub-Slab Depressurization system. On July 24, 2020 IDEM indicated all corrective action complete. See attached documents. Listing agent will answer questions and arrange viewing.

Location

State IN

County Marion

Zoning I3

Interior

Heating Natural Gas, Other

Cooling None

Fireplace N

Exterior

Utilities Available Cable Available, Cable Connected, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N false

Roof Type Rubber

Building

Story 2

New Construction false

Schools

School District Indianapolis Public Schools

Nearby Locations

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Taylor Thomas

Broker-Owner | Lic# RB19001934

realtor@taylorthomasrealty.com

+1(317) 502-5098

9465 Counselors Row, Ste. 200, Indianapolis, IN, 46240

2121 Hillside AVE Indianapolis, IN 46218

Taylor Thomas

Key Details

Location

Interior

Exterior

Building

Schools

2121 Hillside AVE