2121 Hillside Avenue Indianapolis, IN 46218
Industrial - Indianapolis, IN
Type:Industrial
Property size:
43,000 SFLot size:
5.50 AcresPrice / SF:
$90/SF- Added:
- Jun 17, 2024
- Days on Market:
- 689
- Last Refresh:
- May 6 at 10:06 pm
Property Features for 2121 Hillside Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Industrial
- Zoning
- I3
- Parking features
- Garage
- Exterior features
- Fencing
- Fencing
- Fenced
- Standard status
- Active
- APN
- 490731188243000101
- Size
- 43,000 SF
- Lot size
- 5.50 Acres
Utilities
- Heating system
- Natural Gas
Building Details
- Year built
- 1973
- Roof type
- Rubber
- Architectural style
- Other
Listing agent Randall Reichmann License #RB17001517 (317) 331-3364
Listing office United Real Estate Indpls E 86th St Ste 200, Indianapolis, IN (317) 216-8800
Listing date Jun 17, 2024
MLS# 21984523
Listing URL
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Strong tenant with a 5‑year lease and a 5‑year extension option.
- High‑income investment property with $20,833/month base rent and 3% annual increases.
- Large 40,000 sq ft building on 5.5 acres near downtown Indianapolis.
- Tenant responsible for insurance, reducing landlord expenses.
- Property is completely fenced with chainlink for security.
- Environmental remediation complete; Brownfield status resolved by IDEM.
Overview
Indianapolis Industrial Investment Opportunity
This 40,000 square foot industrial building is situated on 5.5 acres near downtown Indianapolis. The property is currently leased to a financially strong manufacturing company, presenting a potential investment opportunity. The tenant has a 5-year lease with 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 is completely fenced with chainlink. The building includes over 1200 square feet of office space with separate bathrooms, heated and cooled. The site was originally used as 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. On July 24, 2020, IDEM indicated all corrective action was complete. The property has been meticulously maintained.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Terrecorp, A Cooper Machinery ...
Auto Parts Store
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.127113
- Latitude
- 39.79617
Nearby Similar for Sale
FAQs
What type of property is this?
Manufacturing property - 40,000 SF building on 5.5 acres, leased to manufacturing company.
Where is this manufacturing property located?
The property is located at 2121 Hillside Avenue 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: Strong tenant with a 5‑year lease and a 5‑year extension option.; **High‑income investment property** with $20,833/month base rent and 3% annual increases.; Large 40,000 sq ft building on 5.5 acres near downtown Indianapolis.
