Contacts
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
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Location
- City Indianapolis, IN
- Neighborhood East Gate
- Zip Code 46219
- Market Indianapolis
Points of Interest
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Thornton's
0.29 miles
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Kroger
0.43 miles
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Marathon
0.52 miles
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BP
0.53 miles
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Speedway
1.01 miles
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Admiral Petroleum Co
1.27 miles
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Shell Express
1.57 miles
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Tesla Supercharger
5.49 miles
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Electrify America
5.71 miles
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ChargePoint
5.85 miles
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Home Depot Parking Lot
2.32 miles
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bus
5.19 miles
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Market District Garage
5.87 miles
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Lot 35
5.97 miles
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Lot 48
6.05 miles
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Virginia Avenue Garage
6.09 miles
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429 Penn Parking
6.11 miles
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Pulliam Garage
6.11 miles
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Cityway North Car Park
6.12 miles
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Lot 98
6.16 miles
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Country Inn & Suites
0.50 miles
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Skyline Motel
0.77 miles
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Indianapolis East Knights Inn
1.43 miles
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Always Inn
1.47 miles
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Red Roof Inn - Indianapolis East
1.48 miles
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Indianapolis Conference Center Hotel
1.49 miles
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Fairfield Inn & Suites Indianapolis East
1.49 miles
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Indianapolis Marriott East
1.50 miles
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Quality Inn East Indianapolis
1.51 miles
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Candlewood Suites Indianapolis East
1.53 miles
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Circle Business Equipment
0.22 miles
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ALDI
0.73 miles
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Luis's Fresh Market
1.75 miles
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Michigan Street Pantry
2.33 miles
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Safeway
2.53 miles
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Marshalls
2.57 miles
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Washington Square Mall
2.84 miles
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Target
2.86 miles
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Kroger
2.88 miles
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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
Nigel Barretto
EXP Realty