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.
Date Added: 6/17/24 at 5:00 am
Last Update: 12/8/25 at 7:57 pm
Location
- Road/AccessCity Street
- Originating MLSmibor
- School DistrictIndianapolis Public Schools
- CountyMarion
- HOA Amenities450.0, Semi- Annually
Lot
- TopographyLevel, Wooded
- ZoningI3, A E I Fletchers Oak Hill L66 Thru L69 Ex Tri Tr Nwcor 174 Ft Wl X 270 Ft Nl, 490731188243000101
- Current UseIndustrial
- ViewView
- FencingChain Link
Utilities
- WaterPublic
- SewerPublic Sewer
- UtilitiesCable Available, Cable Connected, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Connected, Underground
Financial
- Sourcemibor
Exterior
- GeneralCarriage/ Guest House
- StyleTraditional
- Other StructuresPorch, Patio, Covered
- ParkingCommon, Asphalt, Electric Gate, Garage Door Opener
- PoolIn Ground
Interior
- GeneralBreakfast Bar, Built-in Features, High Ceilings, Kitchen Island, Entrance Foyer, Hardwood Floors, In- Law Arrangement, Eat-in Kitchen, Wired for Data, Pantry, Smart Thermostat, Walk- In Closet(s)
- AppliancesGas Cooktop, Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Range Hood, Refrigerator, Bar Fridge, Water Softener Owned
- LaundryLaundry Room
- A/CNone
- HeatingNatural Gas, Other
- FireplaceBasement, Great Room, Fireplaces: 1
- BasementFinished
Construction
- GeneralTwo, Concrete Perimeter
- RoofingRubber
Schools
- DistrictIndianapolis Public Schools
What's Nearby?
Restaurants
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Coffee Shops
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Grocery
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Education
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Park
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