$ 3,900,000
2121 Hillside AVE Indianapolis, IN 46218
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Listed by Randall Reichmann • United Real Estate Indpls
$ 3,900,000
Est. payment | /mo
43,000 SqFt
$ 3,900,000
Est. payment | /mo
43,000 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 43,000 sqft
Price per Sqft $90
MLS Listing ID 21984523
Year Built 1973
Tax Year 2023
Lot Size 5.500 Acres
Acres 5.5
Property Description
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.
Location
State IN
County Marion
Zoning I3
Interior
Heating Gas, Other
Cooling None
Fireplace N
Exterior
Utilities Available Cable Available, Cable Connected, Electricity Connected, Gas Nearby, Gas, Sewer Connected, Water Connected
Waterfront false
View Y/N false
Roof Type Rubber
Building
Story 2
New Construction false
Schools
School District Indianapolis Public Schools
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