1311 96th St Indianapolis, IN 46260-1191

Property Details for 1311 96th St

Year built

1981

Construction

WOOD

Lot size

2.25 lot acres

Property size

24,816 SF

Zone code

ZO01

Property type

Office Properties & Spaces

APN

49-03-15-124-008.000-800

APU

490315124008000800

Description

This exceptional two-story, 24,800 square foot Class B office building presents a compelling investment or owner-user opportunity in Indianapolis, Indiana. Located at 1311 W. 96th Street, 46260, this multi-tenant property boasts a strong 7.04% capitalization rate and a net operating income (NOI) of $220,000, with an asking price of $3,125,000 ($126.01 per square foot). The building's design incorporates two main entrances, offering potential for dual occupancy or separate leasing opportunities. Investors will appreciate the value-add potential to increase rental income through property improvements. Owner-users will benefit from the substantial, well-located space, offering significant visibility and the option to lease a portion of the building for supplemental income. This property is situated in Marion County and provides a rare combination of high visibility and low cost per square foot in a desirable Indianapolis location. The building's size and layout offer considerable flexibility for a variety of business needs. This is a unique opportunity to acquire a well-positioned asset with significant upside potential.

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Longitude

-86.1825

Latitude

39.9256

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments