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Property profile & analytics
OFF-MARKET
Industrial properties

1425 Ray St Indianapolis, IN 46221-1349

734 SF 0.94 ac lot Built 1938
Entity Owned 6-yr Hold Free & Clear
Property ID
US31-1157703
Property summary
AI-generated overview

This exceptional 966-square-foot office space is available for lease at a gross monthly rate of $1,000. Located in Indianapolis, Indiana, at 1425 W Ray St, zip code 46221, this single-tenant property offers a convenient and strategic location. Its proximity to downtown Indianapolis ensures easy access to the city's amenities and business districts. The property benefits from its adjacency to I-70 and its close proximity to I-465 (only 4 miles away), providing excellent interstate connectivity for seamless commutes and transportation of goods and services. The building itself comprises a main office area and two additional private offices, providing ample space for a variety of business needs. A valuable addition is the inclusion of a garage, offering secure parking and storage. This traditional office space presents a compelling opportunity for businesses seeking a well-located, functional, and conveniently sized office in a thriving urban setting. The property is ready for immediate occupancy.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1938
Construction TYPE NOT SPECIFIED
Total area 734 SF
Lot 0.94 ac (41,010 SF)
Zoning code ZO01
APN 49-11-10-133-029.000-101
UPID US31-1157703
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
Current use
Occupant on record · Public records
  • St Lewis Semi-Truck & Auto Mobile Detailing Car Wash
  • St lewis Production Facility
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
Ray Division LLC · 6 yrs held
Ray Division LLC
since 2020
Last sale
$155,800
2 recorded transactions
2020
Price N/A
2015
Price N/A
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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