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Property profile & analytics
OFF-MARKET
Warehouses

55 State Ave Indianapolis, IN 46201

127,798 SF Built 1935
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Year built 1935
Total area 127,798 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • E & F Electronics Electronics & Wireless Store
  • MGR Premier Produce Co Agricultural Supply Food Market
  • Tedrowe Inc Big Box & Wholesale Store Furniture & Home Goods
  • Shield Protection Solutions LLC Security Service
  • Excel Web Host Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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