2121 Hillside Ave, Indianapolis, IN 46218

Listing office United Real Estate Indpls r***@gmail.com Show Phone

Listing date Jul 15, 2024

Source Exprealty

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

All listing content including descriptions, pricing, images are the copyrighted material of United Real Estate Indpls

Report an issue

---

Overview

This 40,000 sq ft industrial building is situated on 5.5 acres near downtown Indianapolis. The property is currently leased to a financially strong manufacturing company with a 5-year lease and a 5-year extension option. The base rent is $20,833 per month, with a 3% annual increase. The tenant is responsible for insurance, while the landlord is responsible for the roof and taxes. The property includes over 1200 sq ft of heated and cooled office space with separate bathrooms. The site is completely fenced with chainlink. Previously an industrial dry-cleaning facility from the 1960s until 2003, the property was classified as a "Brownfield Site" and maintains a Sub-Slab Depressurization system. As of July 24, 2020, the IDEM indicated all corrective action was complete. The property has been meticulously maintained.

Suggested Use

Real Estate Agency Dental Office Law Firm Spa & Massage Center Pharmacy Building Supply Big Box & Wholesale Store Skin Care Clinic Grocery & Convenience Store Nail Salon

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

Location Insight

• Map
• Local Demand

City

Indianapolis

County

Hamilton

State

Indiana

Longitude

-86.1269

Latitude

39.7961

Nearby Similar for Sale

• 

  $685,000

  Restaurant/QSR With Drive-Thru Potential

  Restaurant-ready space with recent upgrades, signalized access, and prominent visibility along a major northside retail corridor.

  5527 N Keystone Avenue, Indianapolis, IN 46220

  View Details
• 

  $550,000

  Hard-Corner Retail/Office Building

  C-3 zoned building on a hard corner with strong traffic exposure, onsite parking, and flexible retail or office use.

  5243 Rockville Road, Indianapolis, IN 46224

  View Details
• 

  $3,900,000

  Elevator-Served Mixed-Use Building

  Well-maintained mixed-use building in CBD-2 with elevator service, dry sprinkler system, and on-site parking for tenants and visitors.

  536 E Market Street, Indianapolis, IN 46204

  View Details
• 

  $560,000

  Flexible Office Building with Detached Garage

  C-1 zoned building with a fenced outdoor area and detached garage, suited for office or education-oriented uses.

  2131 E 54th Street, Indianapolis, IN 46220

  View Details
• 

  $3,800,000

  Industrial Flex with Multiple Overhead Doors

  Industrial flex building on I-3 zoned land with office space and two 14-ft overhead doors for vehicle-ready operations.

  1000 S Arlington Avenue, Indianapolis, IN 46203

  View Details
• 

  $2,475,000

  Renovated Office Flex Complex

  Multi-tenant office and flex space with common parking and five leasable suites offering flexible occupancy options.

  9130 Otis Avenue, Indianapolis, IN 46216

  View Details
• 

  $4,350,000

  Heavy Industrial Dock-High Warehouse

  49,000 SF heavy industrial facility with multiple dock-high doors, office buildout, and 16'4" clear height.

  2334 Production Drive, Indianapolis, IN 46241

  View Details
• 

  $1,000,000

  Corner Two-Tenant Retail and Auto Site

  Remodeled two-tenant corner property in C-5 zoning, positioned for retail and auto-related business uses near major corridors.

  1121 E Troy Avenue, Indianapolis, IN 46203

  View Details
• 

  $1,200,000

  Warehouse Redevelopment Site

  Zoned I3 warehouse property on 0.46 acres with a main building receiving new roof, gutters, and a roll-up garage door.

  1628 Bates Street, Indianapolis, IN 46201

  View Details
• 

  $700,000

  Multi-Office Building with Private Parking

  Commercial-office building with 16 offices, large windows, and a private parking lot near major thoroughfares.

  1300 N Pennsylvania Street, Indianapolis, IN 46202

  View Details
• 

  $524,900

  Two-Level Office Building with Conference Rooms

  Two-level office building with conference rooms, kitchenette, multiple offices, and restrooms, plus a finished lower level.

  2226 W Michigan Street, Indianapolis, IN 46222

  View Details
• 

  $1,200,000

  Auto Shop with Paint Booth

  Automotive repair facility with a custom paint booth, office, and multiple work bays supported by front and rear vehicle access.

  7086 Southeastern Avenue, Indianapolis, IN 46239

  View Details

FAQs

What type of property is this?

Industrial property - 40,000 sq ft building on 5.5 acres with long-term tenant.

Where is this industrial property located?

The property is located at 2121 Hillside Ave Indianapolis, IN.

What is the asking price?

The asking price for this property is $3,900,000.

What are key features of this property?

This property features: High‑value investment property with a long‑term lease in place.; **Financially strong tenant** with a 5‑year lease and a 5‑year extension option.; Substantial monthly rental income of $20,833 with a 3% annual increase.