Warehouse Property with
New
For Sale
$225,000
2221 W Minnesota St, Indianapolis, IN 46221
Several warehouse and shop buildings are complemented by a separate front office.
Property Size3,320 SF
Price / SF$67.77
Days on Market3
Property Features for 2221 W Minnesota St
General Information
Standard status
Active
Size
3,320 SF
Property subtype
Commercial
Listing Agency:
Sadler Real Estate
Listed By:
Streamlined Realty
(317) 721-2274
Source:
Streamlinedrealty
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 20 at 8:10PM
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 Sadler Real Estate
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Investment Insights
Based on property information with market context.
The commercial property contains multiple warehouse and shop structures, along with a front office. A tenant currently occupies the site; visits require an appointment, and visitors should not walk the property without one.
Key Highlights
- Multiple warehouse and shop structures
- Front office on the property
- Tenant occupancy; arrange an appointment before visiting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,097
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,940
$401.9K
Cap Rate 7%
$287,100
$287.1K
Cap Rate 9%
$223,300
$223.3K
Market Conditions
NOI Build-Up for 3,320 SF
Gross rent
$25.9K $7.80/SF
− Vacancy
−$2.3K −$0.68/SF
EGI
$23.6K $7.12/SF
− OpEx
−$3.5K −$1.07/SF
NOI
$20.1K $6.05/SF
Area
Indianapolis, IN
Vacancy
8.70%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,940
Cap Rate 7%
$287,100
Cap Rate 9%
$223,300
Alternative Uses
Best Use
Warehouse
$287.1K
$251.2K – $335.0K
NOI $20,097 @ 7.0% cap · market cap 8.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$826.4K
$723.1K – $964.1K
NOI $57,848 @ 7.0% cap · market cap 25.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46221, IN
27,991
Population
11,120
Households
2.5
Avg Household Size
35
Median Age
16%
College-Educated
85%
High-School Grad
20.0 sq mi
ZIP Area
1,400
Density / Sq Mi
$58,316
Median Household Income
$40,665
Median Earnings
$1,111
Median Rent
$174,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Indianapolis, IN
Similar Off Market Nearby
- United Rentals - Storage Containers and Mobile Offices — 1850 Kentucky Ave, Indianapolis, IN 46221
Frequently Asked Questions
What type of property is this?
Warehouse - Several warehouse and shop buildings are complemented by a separate front office.
Where is this warehouse located?
The property is located at 2221 W Minnesota St Indianapolis, IN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Multiple warehouse and shop structures; Front office on the property; Tenant occupancy; arrange an appointment before visiting
