Mixed-Use Property with
2558 E 55 place, Indianapolis, IN 46220
For Sale
Contact for pricing
Pending
Combined industrial and residential improvements support owner-occupancy, rental, or live-work use.
Property Size4,126 SF
Lot Size0.41 Acres
Days on Market57
Property Features for 2558 E 55 place
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Warehouse Space
Amenities
office suite
break room/kitchenette
Building Details
Buildings
Building Size
Listing Agency:
KW Indy Metro Northeast
(317) 564-7160
Listed By:
Sharon Stamper Thompson · License ##RB14044406
(317) 607-0884
Source:
Moodyscre
Added: Sep 14
Changed: Oct 25
Last Checked: Nov 8 at 8:54AM
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 KW Indy Metro Northeast
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Investment Insights
Based on property information with market context.
This mixed-use property combines an industrial warehouse with a separate limestone residence across 3 parcels totaling 0.41 acres. The 4,126+ SF warehouse includes an office suite with a private office, break room/kitchenette, and bathroom, along with three 14-foot overhead doors and 2022 HVAC. The industrial zoning is identified as I-1 and I-2, and the warehouse is available November 2026.
The residence provides 1,624 SF on the main level with three bedrooms, a living room with fireplace, and a finished breezeway or bonus room. A full finished basement adds another 1,624 SF, with a separate entrance, kitchenette, and bathroom. Additional features include central heat and air, an attached one-car garage, and two exterior parking spaces.
The property is within walking distance of Meier Grocery, public transportation, and the Nickel Plate Trail.
The residence provides 1,624 SF on the main level with three bedrooms, a living room with fireplace, and a finished breezeway or bonus room. A full finished basement adds another 1,624 SF, with a separate entrance, kitchenette, and bathroom. Additional features include central heat and air, an attached one-car garage, and two exterior parking spaces.
The property is within walking distance of Meier Grocery, public transportation, and the Nickel Plate Trail.
Key Highlights
- 4,126+ SF warehouse with office suite, kitchenette, bathroom, and three 14‑foot doors
- Industrial zoning identified as I‑1 and I‑2
- Warehouse includes 2022 HVAC and is available November 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,772
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,440
$855.4K
Cap Rate 7%
$611,029
$611.0K
Cap Rate 9%
$475,244
$475.2K
Market Conditions
NOI Build-Up for 7,066 SF
Gross rent
$55.1K $7.80/SF
− Vacancy
−$4.8K −$0.68/SF
EGI
$50.3K $7.12/SF
− OpEx
−$7.5K −$1.07/SF
NOI
$42.8K $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%
$855,440
Cap Rate 7%
$611,029
Cap Rate 9%
$475,244
Alternative Uses
Best Use
Office B
$1.33M
$1.17M – $1.55M
NOI $93,292 @ 7.0% cap · market cap 15.84%
Second Best
Mixed Use
$1.23M
$1.07M – $1.43M
NOI $85,852 @ 7.0% cap · market cap 14.58%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,118 @ 7.0% cap · market cap 20.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
771
Businesses Nearby
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Business Placement
Demographics for 46220, IN
36,078
Population
17,524
Households
2.1
Avg Household Size
37
Median Age
67%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
3,084
Density / Sq Mi
$103,735
Median Household Income
$58,867
Median Earnings
$1,330
Median Rent
$329,700
Median Home Value
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Market
Properties on Market for Mixed-use properties in Indianapolis
Vacancy Rate% for Office in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Mixed-use property - Combined industrial and residential improvements support owner-occupancy, rental, or live-work use.
Where is this mixed-use property located?
The property is located at 2558 E 55 place Indianapolis, IN.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: 4,126+ SF warehouse with office suite, kitchenette, bathroom, and three 14‑foot doors; Industrial zoning identified as I‑1 and I‑2; Warehouse includes 2022 HVAC and is available November 2026
