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    1145 E 22Nd St Indianapolis, IN 46202

    For Sale
    $1,780,125

    23,735 SF building along Monon Trail, Indianapolis.

    Property size:
    23,735 SF
    Lot size:
    3.99 Acres

    Property Features for 1145 E 22Nd St

    General Information

    Size
    23,735 SF
    Lot size
    3.99 Acres

    Source: Cushman & Wakefield | Indianapolis Agent Carmen Thompson

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

    Overview

    Monon Trail Two-Story Building

    This is a 23,735 square foot, two-story building situated along the Monon Trail and E. 22nd Street. The property consists of four parcels, totaling 0.95 acres, which include a courtyard and a west parking lot. The available rentable square footage is 15,322 SF, with common areas accounting for 35%. The immediate area is zoned CS, requiring a city hearing for its intended use. Two short-term leases are in place through March 2025, representing 22% of the current occupancy. The adjacent property to the south, located at 2130 Yandes St, is not included in the sale. Additionally, the playground and parking lot east of the parcel are not part of the property. The OPEX is $7.60 per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    American Indian Center ... Non-Profit Organization Hillside Art Center Art Gallery Freetown Village Inc Non-Profit Organization Iris Rosa Dance ... Dance School Ndygo Eco Project ... Real Estate Agency

    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
    -86.138876
    Latitude
    39.797058

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    FAQs

    What type of property is this?
    Specialty property - 23,735 SF building along Monon Trail, Indianapolis.
    Where is this specialty property located?
    The property is located at 1145 E 22Nd St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $1,780,125.
    What are key features of this property?
    This property features: - Located along the Monon Trail and E. 22nd Street.; - **23,735 SF two-story building.**; - **15,322 SF available RSF for owner/occupant.**
    (317) 352-5430
    Request Owner's contact information
    1145 E 22Nd 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
    1145 E 22Nd St Indianapolis, IN 46202
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