141 N Shortridge Rd

For Sale

141 N Shortridge Rd, Indianapolis, IN 46219

This Indianapolis property for sale is located at 141 N Shortridge Rd. The general use of 141 N Shortridge Rd is office and it incorporates 12,800 square feet of class A office space. The current listed sale price for 141 N Shortridge Rd is $100/SF. 141 N Shortridge Rd is situated on a lot that is 1.6 acre in size.

Contacts

broker

Nigel Barretto

EXP Realty

Property Details

  • Property Type Office
  • Property Size 12,800 SF
  • Lot Size 1.6 Acre
  • Cap Rate % 8
  • Zoning C1
  • Additional Rent Contact for pricing
  • # of Floors 2
  • Parking Spaces Avail. 40
  • Parking Ratio 3.13 / 1,000 SF
  • Building Class A
  • Year Built 1970
  • Year Renovated 2024
  • Date Updated Oct 11, 2024

This turnkey commercial property, comprising two buildings with a total of 10 Offices and 8 half-baths on a 1.6-acre lot, offers an excellent investment opportunity just 0.4 miles from I-465. Occupied by medical businesses, both buildings received upgrades in February 2024, including HVAC systems, heaters, paint, and carpet. Building 141 is equipped with a stair lift, enhancing accessibility on both levels for patients and staff. The expansive lot provides potential for additional development, allowing for permitted uses. This robust investment will boast a 8+ Cap rate once fully rented out providing significant cash flow. Offering Memorandum attached in the Document section.

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Highlights

  • Two stand-alone garages

Attachments

Getting around

  • 49/100

    Walk Score ®

  • 40/100

    Transit Score ®

  • 55/100

    Bike Score ®

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Location

  • City Indianapolis, IN
  • Neighborhood East Gate
  • Zip Code 46219
  • Market Indianapolis

Points of Interest

  • Thornton's

    0.29 miles

  • Kroger

    0.43 miles

  • Marathon

    0.52 miles

  • BP

    0.53 miles

  • Speedway

    1.01 miles

  • Admiral Petroleum Co

    1.27 miles

  • Shell Express

    1.57 miles

  • Tesla Supercharger

    5.49 miles

  • Electrify America

    5.71 miles

  • ChargePoint

    5.85 miles

  • Home Depot Parking Lot

    2.32 miles

  • bus

    5.19 miles

  • Market District Garage

    5.87 miles

  • Lot 35

    5.97 miles

  • Lot 48

    6.05 miles

  • Virginia Avenue Garage

    6.09 miles

  • 429 Penn Parking

    6.11 miles

  • Pulliam Garage

    6.11 miles

  • Cityway North Car Park

    6.12 miles

  • Lot 98

    6.16 miles

  • Country Inn & Suites

    0.50 miles

  • Skyline Motel

    0.77 miles

  • Indianapolis East Knights Inn

    1.43 miles

  • Always Inn

    1.47 miles

  • Red Roof Inn - Indianapolis East

    1.48 miles

  • Indianapolis Conference Center Hotel

    1.49 miles

  • Fairfield Inn & Suites Indianapolis East

    1.49 miles

  • Indianapolis Marriott East

    1.50 miles

  • Quality Inn East Indianapolis

    1.51 miles

  • Candlewood Suites Indianapolis East

    1.53 miles

  • Circle Business Equipment

    0.22 miles

  • ALDI

    0.73 miles

  • Luis's Fresh Market

    1.75 miles

  • Michigan Street Pantry

    2.33 miles

  • Safeway

    2.53 miles

  • Marshalls

    2.57 miles

  • Washington Square Mall

    2.84 miles

  • Target

    2.86 miles

  • Kroger

    2.88 miles

  • Big Lots

    2.88 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Nigel Barretto

EXP Realty