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Property profile & analytics
FOR SALE
Commercial real estate

1132 E 16Th St Indianapolis, IN 46202

1,536 SF 0.09 ac lot Built 1980
Entity Owned 9-yr Hold Free & Clear
Property ID
US31-1213667
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1980
Construction WOOD
Total area 1,536 SF
Lot 0.09 ac (3,815 SF)
APN 49-07-31-213-359.000-101
UPID US31-1213667
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Car Wash Holdings LLC · 9 yrs held
Car Wash Holdings LLC
since 2016
1 recorded transaction
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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