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    1722 W 16Th St Indianapolis, IN 46202

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    For Sale
    $889,000

    Renovated commercial building with C-5 zoning and proximity to I-65.

    Lot size:
    0.45 Acres

    Property Features for 1722 W 16Th St

    General Information

    Lot size
    0.45 Acres

    Source: F.C. Tucker Company Agent Annie Scott

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

    Overview

    Freestanding Commercial Building Near I-65

    This freestanding office or commercial building is located on approximately 0.45 acres, which is approximately 19,689 square feet per the assessor. The property is suitable for commercial or industrial use due to its C-5 zoning, a desirable commercial classification in Indianapolis. The location offers ease of access and logistical advantages due to its proximity to I-65. The building has good structural integrity, and the conference room remains intact. The property was completely renovated in 2016 with significant capital improvements. Enhancements include a newly paved and dedicated parking lot, new windows, fencing, and gates. A drive-in door and dock are present, along with an outdoor storage area. Monument signage is in place. The property is adjacent to Riverside Regional Park and near 16Tech, a growing innovation district. Interior features include multiple conference and collaboration areas, an open ceiling, and a glass-front conference room that enhances natural light and aesthetic appeal. This property presents a compelling opportunity with value-add potential.
    Location Intelligence

    Current Use by Public Records

    Coldwell Banker Commercial Commercial Real Estate Agency Autism Therapy Services ... Mental Health Service Car Key Replacement ... Locksmith Birkhead Editorial Video Editing Service Lighthouse Autism Center ... Mental Health Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.191432
    Latitude
    39.789604

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    FAQs

    What type of property is this?
    Office building - Renovated commercial building with C-5 zoning and proximity to I-65.
    Where is this office building located?
    The property is located at 1722 W 16Th St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $889,000.
    What are key features of this property?
    This property features: - Highly desirable C-5 zoning allows for diverse commercial and industrial uses.; - Excellent location with close proximity to I-65 for easy access and logistical advantages.; - Completely renovated in 2016 with significant capital improvements, including a new parking lot, windows, fencing, and gates.
    (317) 902-8622
    Request Owner's contact information
    1722 W 16Th St Indianapolis, IN 46202
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    Indianapolis, IN 46202
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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
    1722 W 16Th St Indianapolis, IN 46202
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