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    1728 E New York St Indianapolis, IN 46201

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    For Sale
    Contact for pricing

    Industrial flex building with adjacent lot for future expansion.

    Building Details

    Year built
    1960

    Source: Nathan Schlabach Agent Nathan Schlabach

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

    Overview

    Industrial Flex Building with Expansion

    The property is a 6,920 square foot industrial flex building suitable for manufacturing, distribution, or storage. It features approximately 6,350 square feet of warehouse space and 570 square feet of office space, along with an additional 1,300 square feet of basement storage. The building has C3 zoning with variances. It includes one dock door and one drive-in door, with a clear height of 9 feet. The sale includes an adjacent 0.42-acre lot, offering potential for future expansion. Located in downtown Indianapolis, the property is approximately one mile from interstate access, a short 3-minute drive to I-70 and I-65, making it accessible for transportation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sandpaper America Inc Abrasives Supplier

    Suggested Use

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

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

    Similar Places Nearby

    StorageMart, Cintas Document Shredding

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.129861
    Latitude
    39.771369

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    FAQs

    What type of property is this?
    Warehouse - Industrial flex building with adjacent lot for future expansion.
    Where is this warehouse located?
    The property is located at 1728 E New York St Indianapolis, IN.
    What are key features of this property?
    This property features: - Ideal for owner/user: Perfect for manufacturing, distribution, or storage.; - Includes adjacent ± .42-acre lot for future expansion.; - Excellent location: Short 3-minute drive to I-70 and I-65.
    (317) 366-1513
    Request Owner's contact information
    1728 E New York St Indianapolis, IN 46201
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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
    1728 E New York St Indianapolis, IN 46201
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