This 3.05-acre property presents a fantastic value-add opportunity with both retail and industrial components, offering versatility and potential for increased returns. The retail site, zoned C4, consists of 15,000 square feet and is currently configured with 8 units, with the potential to be converted into 9 units. Most spaces are built out but would benefit from CAPEX improvements to modernize and maximize rental income. The industrial building, zoned I4, offers 6,300 square feet and is ideal for various industrial uses, providing flexibility for owner-users or tenants. This property is perfect for investors looking to enhance value through renovations and lease-up strategies. With strong zoning designations and ample space for improvements, this site is ready for its next phase of growth!

Date Added: 4/17/25 at 5:00 am
Last Update: 5/26/26 at 1:58 am

Location

  • Road/AccessCity Street
  • Originating MLSmibor
  • School DistrictPike County School Corp
  • CountyMarion
  • HOA Amenities450.0, Semi- Annually

Lot

  • TopographyLevel
  • ZoningI4 - C4, 5450 West 86th Street L1, 490413109039000600
  • Current UseIndustrial, Retail
  • ViewView
  • FencingChain Link

Utilities

  • WaterMunicipal Water on Site
  • SewerPublic Sewer
  • UtilitiesElectricity Connected, Sewer Connected, Water Connected, 200+ Amp Service

Financial

  • Sourcemibor

Exterior

  • GeneralNot Applicable
  • StyleTraditional
  • Other StructuresBreeze Way, Deck, Covered
  • ParkingAsphalt, Concrete
  • PoolHeated, Outdoor Pool, Pool Cover

Interior

  • GeneralKitchen Island
  • AppliancesGas Water Heater, Gas Oven, Refrigerator
  • LaundryConnections All, Main Level
  • A/CCentral Air
  • HeatingNatural Gas
  • FireplaceFireplaces: 0
  • BasementCeiling - 9+ feet, Finished, Finished Ceiling, Finished Walls, Full, Storage Space, Walk- Out Access

Construction

  • GeneralTwo, Block
  • RoofingFlat

Schools

  • DistrictPike Township Metropolitan School District
  • MiddlePike Central Middle School
  • HighPike Central High School
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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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