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    2401 N Ritter Ave Indianapolis, IN 46218

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    For Sale
    $1,783,000

    Well-maintained industrial building with interstate access and flexible zoning.

    Building Details

    Year built
    1969

    Source: Phillip Cosmas Agent Phillip Cosmas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Industrial Building with Connectivity

    This well-maintained and improved industrial building, originally constructed in 1969 and renovated in 1995, offers a strategic location with convenient interstate connectivity. It is situated 1.1 miles (3 min) from I-70 and 3.7 miles (5 min) from I-465. The property's I-3 zoning provides opportunities for a wide range of businesses, including manufacturing, distribution, indoor and outdoor storage, and machinery, truck, or heavy vehicle sales, rental, or repair. The building features a new rubber roof installed on the middle section in 2024, while other roof sections are metal. A new HVAC system is scheduled for installation in 2025. The electrical capacity includes 2,000 Amps with an additional 3,000 Amps available. The property is equipped with city water and sewer services, as well as an installed well. It includes 4 drive-in doors and an 800 SF covered loading area. A detached, 975 SF garage/storage building with a drive-in door is also present. The main building features a reception/office area, modular storage rooms, and 5 restrooms. A paved parking area is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dodi Hemp Warehouse Indy E Cigs Smoke Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Similar Places Nearby

    Recordspro, Artomè Warehouse

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.072546
    Latitude
    39.734652

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    FAQs

    What type of property is this?
    Warehouse - Well-maintained industrial building with interstate access and flexible zoning.
    Where is this warehouse located?
    The property is located at 2401 N Ritter Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $1,783,000.
    What are key features of this property?
    This property features: - Strategic location with excellent interstate access: 1.1 miles to I-70 and 3.7 miles to I-465.; - High power capacity: **2,000 Amps with an additional 3,000 Amps available.**; - Versatile I-3 zoning suitable for a wide range of industrial uses.
    (317) 201-1812
    Request Owner's contact information
    2401 N Ritter Ave Indianapolis, IN 46218
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    Indianapolis, IN 46218
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2401 N Ritter Ave Indianapolis, IN 46218
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