2121 Hillside Ave Indianapolis, IN 46218
Property Features for 2121 Hillside Ave
General Information
- Standard status
- Active
- Lot size
- 5.50 Acres
Source:
Exprealty
Listing Agency: United Real Estate Indpls Listing Agent: Randall Reichmann
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Indianapolis Industrial Investment Opportunity
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.
Location Intelligence
Current Use by Public Records
Terrecorp, A Cooper Machinery ...
Bearing Supplier
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.126916
- Latitude
- 39.796055
Nearby Similar for Sale
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.