55 State Ave Indianapolis, IN 46201
This 127,798 square foot industrial property, known as the A&P Building, presents a unique investment opportunity in Indianapolis, Indiana. Built in 1935 and renovated in 2020, this Class B building offers flexible spaces ranging from a minimum of 108 square feet to a maximum contiguous space of 3,320 square feet. The property features a total of three stories and is situated on a two-acre fenced lot, providing ample outdoor space. The building is ideally suited for multiple tenants, offering a vibrant community atmosphere for small businesses and professionals. Its location is highly desirable, less than a mile from the I-70 and I-65 interchange on the east side of downtown Indianapolis, just one mile from The Circle, and one block south of E. Washington St./US 40. The property's proximity to Willard Park and popular neighborhoods like Mass Ave, Fletcher Place, and Fountain Square adds to its appeal. The building offers one parking space. This is a rare opportunity to acquire a well-located, versatile industrial property with significant potential for growth. The address is 55 S State Ave, Indianapolis, IN 46201.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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