1132 16Th St Indianapolis, IN 46202
- Commercial real estate
- 1,536 SF
- 0.09 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1132 16Th St
- Year built
- 1980
- Construction
- WOOD
- Lot size
- 0.09 lot acres
- Property size
- 1,536 SF
- Property type
- Commercial real estate
- APN
- 49-07-31-213-359.000-101
- APU
- 490731213359000101
Description
This exceptional 11.299-acre lot in Marion County presents a unique redevelopment opportunity. The property features a 1,536 square foot freestanding former automotive building shell situated in the vibrant Monon 16 district, just one block east of the popular Monon Trail. This prime location offers high visibility and accessibility, benefiting from its proximity to the recently completed $20 million Monon Lofts development and the bustling Mass Ave/Bottleworks district. The property is zoned C5, allowing for a wide range of uses, including restaurant, retail, automotive services, or even residential redevelopment. The current building shell provides a solid foundation for a qualified operator seeking a build-to-suit project. Owners are open to collaborating with suitable candidates on a long-term credit lease, with the potential to expand the retail space up to 3,000 square feet. This is an unparalleled chance to capitalize on the thriving growth and high demand in this sought-after area. The expansive lot size offers significant flexibility for future development plans. Don't miss this exceptional opportunity to establish a presence in one of Indianapolis's most dynamic and desirable neighborhoods.
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
- -86.1384
- Latitude
- 39.7887
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
