1145 E 22Nd St Indianapolis, IN 46202

Property Details for 1145 E 22Nd St

Year built

1910

Construction

TYPE NOT SPECIFIED

Lot size

0.95 lot acres

Property size

29,928 SF

Zone code

ZO01

Property type

Office Properties & Spaces

APN

49-07-30-107-015.001-101

APU

490730107015001101

Description

This exceptional mixed-use property, located at 1145 E 22nd St, Indianapolis, IN 46202, presents a unique investment opportunity. The 23,735 square foot, two-story brick building sits on a 0.95-acre lot encompassing four parcels, including a courtyard and west parking lot. Currently zoned CS, the property requires city approval for its intended use. The building boasts a charming character, having previously served as a charter school and office space for local non-profit organizations. Features include bright, open-air offices, a courtyard, kitchenette, elevator, and key-fob security entry. The asking price is $1,780,125 ($75 per square foot). The net rentable space is 15,322 square feet, with common areas representing 35% of the total square footage. Two short-term leases are in place, expiring June 29, 2025, currently occupying 22% of the building. The property's ideal user is an owner-occupant, given the significant available space. The property's location along the Monon Trail and E. 22nd Street, coupled with its proximity to downtown Indianapolis and Douglas Park, offers significant potential for growth and redevelopment. Note that the adjacent property at 2130 Yandes St. and the playground/parking lot to the east are not included in the sale. The operating expenses are $7.60 per square foot. This is a for-sale-by-owner opportunity. The property's address is 1145 E 22nd St, Indianapolis, IN 46202, with APN 49-07-30-107-015.001-101.

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Longitude

-86.1389

Latitude

39.7977

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments