2350 Executive Dr Indianapolis city (balance), IN 46241
- Warehouses
- 7,900 SF
- 1.80 lot acres
Current Use by Public Records
- Circle City Construction Materials / Hardware Store
Property Details for 2350 Executive Dr
- Year built
- 1970
- Lot size
- 1.80 lot acres
- Property size
- 7,900 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This 7,900-square-foot warehouse, located at 2350 Executive Drive in Indianapolis, Indiana, presents a compelling investment opportunity. Situated on a 1.8-acre lot within a popular industrial park in southwest Indianapolis, this property offers convenient access to I-70 and I-465, ensuring efficient transportation. The building, constructed in 1970 and boasting a complete roof replacement in 2021, features a 16-foot ceiling height, ample parking (26 spaces), and convenient loading options including one dock door (9' x 10'), and two grade-level drive-ins (12' x 12' and 9' x 10'). The interior comprises 5,000 square feet of warehouse space and 2,900 square feet of office space, currently configured with eight private offices and two restrooms. The office space is adaptable and could be removed to increase warehouse area. The property benefits from 400 amps, 240v, 3-phase power. Currently 100% occupied with a lease expiring July 10, 2024, this NNN-leased, single-tenant property is zoned I-1 and offers a strong return on investment. Its proximity to the airport and major distribution centers, such as the Amazon facility in Plainfield, further enhances its desirability. The asking price is $998,800, translating to $126.43 per square foot.
Value Estimation
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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 city (balance)
- County
- Marion
- State
- Indiana
- Longitude
- -86.2563
- Latitude
- 39.7328
