1132 E 16th St, Indianapolis, IN 46202

Listing office Radar Commercial Real Estate j***@cassidyturley.com Show Phone

Listing date Sep 3, 2020

Source Crexi

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Overview

This freestanding, approximately 1,536 square foot former automotive building is situated on a 1/4 acre lot in the Monon 16 district, located one block east of the Monon Trail and near the Bottleworks/Mass Ave/NorthMassBoulder district. The property is zoned C5 and suitable for restaurant, retail, automotive, and other uses, as well as residential redevelopment. It is adjacent to the recent $20 million Monon Lofts development. The Indianapolis Department of Metropolitan Development considers the site to be located on a "transportationally significant thoroughfare," which allows for less stringent parking ratios. An approximately 1,836 square foot stand-alone parcel at the northwest corner of Yandes and 16th Street could be acquired to square up the property. The Community Development Corporation (Renew Indy, Inc), which owns the parcel, is willing to sell it. The owner is willing to redevelop the property to suit a qualified operator and project. Up to 3,000 square feet of retail space is available for a long-term build-to-suit credit lease.

Suggested Use

Dental Office (Bike/Boat/Book/etc) Store Grocery & Convenience Store Accounting Firm Electronics & Wireless Store Storage Facility Nursing Home Pharmacy Carpet & Flooring Store Pet Grooming Service

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Indianapolis

County

Hamilton

State

Indiana

Longitude

-86.182313

Latitude

39.789117

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FAQs

What type of property is this?

Automotive property - Freestanding building in Monon 16 district, ideal for redevelopment.

Where is this automotive property located?

The property is located at 1132 E 16th St Indianapolis, IN.

What is the asking price?

The asking price for this property is $495,000.

What are key features of this property?

This property features: Prime location in the Monon 16 district, one block from the Monon Trail and near Bottleworks/Mass Ave/NorthMassBoulder.; Zoned C5, suitable for restaurant, retail, automotive, or residential redevelopment.; Located on a 'transportationally significant thoroughfare,' allowing for less stringent parking ratios.