1175 16Th St Indianapolis, IN 46202
- Auto shops
- 15,954 SF
- 0.93 lot acres
Current Use by Public Records
- Granite Depot of Indianapolis / Bathroom Remodeler / Countertop Contractor
Property Details for 1175 16Th St
- Year built
- 1947
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.93 lot acres
- Property size
- 15,954 SF
- Property type
- Auto shops
- APN
- 49-06-34-106-044.000-101
- APU
- 490634106044000101
Description
This exceptional 15,900-square-foot industrial flex space, located at 1175 W 16th St in Indianapolis, Indiana, presents a unique redevelopment opportunity. Priced at $1,895,000 ($119.18/sq ft), this property boasts a prime location directly adjacent to the burgeoning 16 Tech Innovation District. Built in 1947, the building features an open floor plan showcasing exposed brick walls, adding character and potential for creative design. The property is zoned C3, allowing for a wide range of potential uses, making it ideal for adaptive reuse. Five dock-high doors provide excellent access for loading and unloading. The property is immediately available and benefits from heavy traffic flow, making it highly visible and accessible. Its proximity to downtown hospitals and IUPUI further enhances its appeal. The neighboring property's recent transformation into attractive office space serves as a compelling example of the redevelopment potential this site offers. This is a rare chance to acquire a substantial property in a rapidly developing area with significant upside. The Net Lease (NNN) structure offers flexibility for the buyer. The property's 15,900 square feet of net rentable space provides ample room for various business ventures. This is an investment opportunity not to be missed.
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
- County
- Marion
- State
- Indiana
- Longitude
- -86.1823
- Latitude
- 39.7882
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
