1129 E 16Th St Indianapolis, IN 46202

Property Details for 1129 E 16Th St

Year built

1960

Construction

WOOD

Lot size

1.34 lot acres

Property size

36,207 SF

Zone code

ZO01

Property type

Office Properties & Spaces

APN

49-07-31-173-034.001-101

APU

490731173034001101

Description

This exceptional Indianapolis commercial property, located at 1129 E 16th St, offers a unique blend of office and retail space totaling 12,579 square feet. The property boasts a highly desirable location with excellent visibility and frontage on 16th Street, providing ample opportunities for signage and branding. Currently, 61% of the space is occupied by Lessonly, a seismic company, leaving up to 12,579 square feet available for an owner/user. The strategic location benefits from proximity to significant residential developments, including the Westmont Apartments (250 units) and Monon Loft Apartments (142 units), as well as the Onyx + East Town Homes. This ensures a robust and growing customer base. Furthermore, the property is surrounded by a thriving mix of businesses, including Hotel Tango Distillery, Festiva, Cannonball Brewing, West Fork Whiskey Co., and Tinker House, creating a vibrant and attractive environment. The property features 122 parking spaces, providing ample convenience for tenants and customers. The permitted zoning is DP. The property's APN numbers are 106286, 1106285, and 1106288. This presents a rare opportunity to acquire a well-situated, versatile commercial property in a rapidly developing area of Indianapolis. The combination of high visibility, ample parking, and proximity to residential and commercial establishments makes this an ideal investment for owner-occupiers or investors seeking a strong return.

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Longitude

-86.1389

Latitude

39.788

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments