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    2217 Duke St Indianapolis, IN 46205

    Sponsored
    For Sale
    $1,100,000

    13,000 SF Flex/Distribution Building

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional ±13,000 square foot multi-tenant industrial building presents a compelling owner-user or value-add investment opportunity in Indianapolis, Indiana. Located at 2217-2225 Duke Street, this property boasts I-2 zoning, providing versatility for a range of uses. The building features five loading docks with drive-in bays, and a desirable 12-foot clear ceiling height. Currently, some tenants are on month-to-month leases, offering flexible occupancy options for the new owner. Its strategic location just off Binford Boulevard, adjacent to the Indiana State Fairgrounds, ensures excellent accessibility and visibility. A short 15-minute drive to downtown Indianapolis and surrounding suburbs, including Broad Ripple, provides convenient access to a diverse array of amenities and a strong workforce. The asking price is $1,100,000. This property is ideally suited for investors seeking a prime commercial real estate investment in a thriving Indianapolis market, offering strong potential for both immediate income and future appreciation. The property's central location and convenient access to the newly renovated Nickel Plate Trail further enhance its appeal.

    Property Features for 2217 Duke St

    General Information

    Property type
    Distribution properties

    HighLights

    • Owner‑user or value‑add investment opportunity.
    • ±13,000 SF multi‑tenant industrial building.
    • I‑2 zoning.
    • Five loading docks with drive‑in bays.
    • 12‑foot clear ceiling height.
    • Located near Binford Boulevard and accessible to the Nickel Plate Trail.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sweeney Commercial Maintenance ... Janitorial Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1235855
    Latitude
    39.8371305

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    FAQs

    What type of property is this?
    Distribution property - 13,000 SF Flex/Distribution Building
    Where is this distribution property located?
    The property is located at 2217 Duke St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Owner-user or value-add investment opportunity.; ±13,000 SF multi-tenant industrial building.; I-2 zoning.
    Request Owner's contact information
    2217 Duke St Indianapolis, IN 46205
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2217 Duke St Indianapolis, IN 46205
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