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    1101 16Th St Indianapolis, IN 46202

    Sponsored
    For Sale
    $5,000,000

    High-visibility retail space, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 6,112 square foot storefront property, known as The Tinker Building, is located at 1101 E 16th St, Indianapolis, IN 46202, and is currently offered for sale at $5,000,000. The property boasts significant street frontage and signage on 16th Street, ensuring maximum visibility for your business. Currently 70% occupied by a diverse tenant mix including Provider Coffee & Long Drinks, Tinker House Events, and Blackink IT, this presents an immediate income stream and opportunity for further growth. The building features a desirable outdoor patio area, adding to its appeal. Its strategic location is a key advantage, situated adjacent to the Monon Trail, a popular recreational path, and near several high-density residential complexes including Westmont Apartments (250 units) and Monon Loft Apartments (142 units), as well as Onyx + East Town Homes. The surrounding area is vibrant and thriving, with nearby businesses such as Festiva, Cannonball Brewing, West Fork Whiskey Co., COhatch Coworking, and North High Brewing, creating a strong synergy and attracting a large customer base. This property offers a unique blend of established tenancy, prime location, and significant growth potential, making it an ideal investment opportunity in the heart of Indianapolis. The property is being offered for sale by owner.

    Property Features for 1101 16Th St

    General Information

    Property type
    Individual retail properties

    HighLights

    • $5,000,000 asking price for a 6,112 SF retail storefront in Indianapolis, IN.
    • 70% occupancy with existing tenants including Provider Coffee & Long Drinks, Tinker House Events, and Blackink IT.
    • High visibility location on 16th Street with frontage and signage opportunities.
    • Excellent proximity to Monon Trail, Westmont Apartments (250 units), Monon Loft Apartments (142 units), and Onyx + East Town Homes.
    • Strong surrounding tenant mix including Festiva, Cannonball Brewing, and other popular businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    BlackInk IT Computer Support And Services Bike Parking Bicycle Rack Tinker House Events Event Venue PROVIDER Coffee & Cocktail ... Coffee Shop

    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
    -86.139965221794
    Latitude
    39.788529442324

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    FAQs

    What type of property is this?
    Individual retail property - High-visibility retail space, excellent location.
    Where is this individual retail property located?
    The property is located at 1101 16Th St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: $5,000,000 asking price for a 6,112 SF retail storefront in Indianapolis, IN.; 70% occupancy with existing tenants including Provider Coffee & Long Drinks, Tinker House Events, and Blackink IT.; High visibility location on 16th Street with frontage and signage opportunities.
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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
    1101 16Th St Indianapolis, IN 46202
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