$3,900,000
Active
43,000
SqFt
1973
Built
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.
MORTGAGE CALCULATOR
$19,721
Estimate only — not a loan offer. Consult a lender for actual terms.
LISTING SNAPSHOT
Price$3,900,000
Bedrooms0
Full Baths0
Half Baths0
Inside Area (SqFt)43,000 sqft
Lot Size5.5 Acres
Year Built1973
MLS® Number21984523
StatusActive
Property TaxN/A
HOA/Condo/Coop FeesN/A
GENERAL
Acres5.5
Additional Property UseIndustrial
Direction FacesWest
Number Of Stories2
ParkingCommon, Asphalt, Electric Gate, Garage Door Opener
Property Sub TypeIndustrial
SqFt Total43000
UtilitiesCable Available, Cable Connected, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Connected
ZoningI3
INTERIOR
ElectricUnderground
HeatingNatural Gas, Other
EXTERIOR
FencingChain Link
Road FrontageCity Street
RoofRubber
COMMUNITY
MLS Area4910 - Marion - Center
RoadsAsphalt
School DistrictIndianapolis Public Schools
TownshipCenter
SCHOOLS
School DistrictIndianapolis Public Schools
RECENT ACTIVITY
June 19, 2024Active
Listing courtesy of United Real Estate Indpls
Listing courtesy of United Real Estate Indpls (317) 331-3364
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® as distributed by MLS GRID. All information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All information is believed to be reliable but is not guaranteed and should be independently verified.
Based on information submitted to the MLS GRID as of 2026-07-16 11:45 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright © 2026 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® as distributed by MLS GRID. All information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All information is believed to be reliable but is not guaranteed and should be independently verified.
Based on information submitted to the MLS GRID as of 2026-07-16 11:45 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright © 2026 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.
Comps
An estimate is not available for this listing.
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