Key facts
- Living area
- 43,000 sqft
- Lot
- 5.5 acres
- Year built
- 1973
- Type
- Commercial Sale · Industrial
- MLS #
- 21984523
- County
- Marion
- Total building area
- 43,000 sqft
About this home
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.
Description provided by the listing brokerage.
Exterior
- Roof
- Parking and garage
- Fencing
Systems
- Heating
- Utilities
Lot and HOA
- Zoning
- I3
Schools
- School district
- Indianapolis Public Schools
Taxes
- Estimated annual tax
- $21,964 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2023
Estimate your monthly payment
Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.
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