Current Use by Public Records
- Warehouses
Property Details for 2045 Minnesota St
- Year built
- 1960
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a 7,650 square foot multi-tenant industrial building located at 2045 E Minnesota St, Indianapolis, IN 46203. The property, situated on a 15,600 square foot lot (APN: 49-10-18-157-131.000-101), boasts a strong 9.15% cap rate (9.65% pro-forma) and a substantial net operating income (NOI) of $91,025 ($96,015 pro-forma). Currently 100% occupied by two automotive tenants under modified gross leases expiring July 31, 2027 (2.7 years remaining), this stabilized investment offers immediate cash flow. The single-story, 1960-built structure underwent renovations in 2024, featuring a flexible layout divided into three units with ceiling heights ranging from 9 to 14 feet. The C5 zoning allows for diverse uses, including contractor storage, automotive sales/repair, warehousing, and wholesale businesses. The property includes eight drive-in bays and a secure fenced area, making it an ideal investment for both passive income seekers and owner-users. The building is conveniently located less than a mile from I-65, providing easy access to major transportation routes. This is a rare opportunity to acquire a high-performing industrial asset in a desirable location with significant upside potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.1244
- Latitude
- 39.7449
