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    1132 16Th St Indianapolis, IN 46202

    For Lease
    $30 SF/Yr

    Prime Monon Trail location, build-to-suit retail space.

    Lot size:
    1,536 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 11.299-acre lot in Marion County presents a unique redevelopment opportunity. The property features a 1,536 square foot freestanding former automotive building shell situated in the vibrant Monon 16 district, just one block east of the popular Monon Trail. This prime location offers high visibility and accessibility, benefiting from its proximity to the recently completed $20 million Monon Lofts development and the bustling Mass Ave/Bottleworks district. The property is zoned C5, allowing for a wide range of uses, including restaurant, retail, automotive services, or even residential redevelopment. The current building shell provides a solid foundation for a qualified operator seeking a build-to-suit project. Owners are open to collaborating with suitable candidates on a long-term credit lease, with the potential to expand the retail space up to 3,000 square feet. This is an unparalleled chance to capitalize on the thriving growth and high demand in this sought-after area. The expansive lot size offers significant flexibility for future development plans. Don't miss this exceptional opportunity to establish a presence in one of Indianapolis's most dynamic and desirable neighborhoods.

    Property Features for 1132 16Th St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,536 SF

    Unit(s) available at that property

    Space
    Size
    1,536 SF
    Rate per SF
    $30

    HighLights

    • Retail property located at 1132 E. 16th Street, Indianapolis, Marion County.
    • Former auto shop building shell, 1,536 square feet.
    • 11,299 square foot lot (approximately 1/4 acre).
    • Located in the Monon 16 district, one block east of the Monon Trail.
    • C5 zoning allows for various uses including restaurant, retail, automotive, or residential redevelopment.
    • Potential for build‑to‑suit up to 3,000 square feet with long‑term lease options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.138428550531
    Latitude
    39.78846918768

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    FAQs

    What type of property is this?
    Retail property - Prime Monon Trail location, build-to-suit retail space.
    Where is this retail property located?
    The property is located at 1132 16Th St Indianapolis, IN.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: Retail property located at 1132 E. 16th Street, Indianapolis, Marion County.; Former auto shop building shell, 1,536 square feet.; 11,299 square foot lot (approximately 1/4 acre).
    Request Owner's contact information
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    Indianapolis, IN 46202
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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
    1132 16Th St Indianapolis, IN 46202
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