Property profile

137 Production Dr Avon, IN 46123

OFF-MARKET
Commercial land
Property ID
US31-0785264
0.2 ac lot
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Avon, Indiana industrial property presents a compelling owner-user or investment opportunity. The complex encompasses three buildings totaling 16,842 square feet on a 2.15-acre lot, with an additional acre of land available for expansion or outdoor storage. The main building, approximately 13,194 square feet, features a flexible layout with roughly 7,784 square feet of custom office space (4,136 square feet on the main level and 3,648 square feet on the second level) and 4,900 square feet of warehouse space. Two additional warehouse buildings provide an extra 3,648 square feet (2,304 and 1,344 square feet respectively). The property boasts a 16-foot ceiling height and one loading dock. Zoned I-2, it offers 24-hour access. Conveniently located off Rockville Rd./US 36, it's less than a mile from downtown Avon, four miles from I-465, and 13 miles from downtown Indianapolis. The property is classified as Class B, with multiple tenancies, and is available for occupancy on March 1, 2024. The asking price is $2,200,000, translating to $130.63 per square foot. This prime location in the growing Avon suburb offers easy access to major state roads, interstates, and the Indianapolis International Airport. This versatile property is perfect for a business seeking both office and warehouse space, with expansion potential.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.2 ac (8,712 SF)
APN 32-10-11-220-008.000-031
UPID US31-0785264

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store
  • Waste Management Facility Hazardous Waste Disposal
  • Insurance Agency

Location

137 Production Dr Avon, IN 46123-7082
Avon metro Census 210614 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2018
1 recorded transaction
2018
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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