1175 W 16Th St Indianapolis, IN 46202
Property profile & analytics
1175 W 16Th St, Indianapolis, IN 46202
- Auto shops
- 15,954 SF
- 0.93 lot acres
Property ID
US31-0155287
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Granite Depot of Indianapolis / Kitchen & Bath Showroom / Hardware & Home Improvement
Property Details for 1175 W 16Th St
- Year built
- 1947
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.93 lot acres
- 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 Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,375
$133,300
$204,700
$338,000
-
$133,300
$204,700
$338,000
