1718 15Th St Indianapolis, IN 46202
This exceptional 8,140-square-foot flex building, situated on a 0.36-acre lot in Indianapolis, Indiana, presents a unique investment opportunity. Completely renovated in 2021, the property boasts brand new HVAC, plumbing, electrical systems, and roofing. The building features three large bedrooms, easily adaptable to office spaces, and three bathrooms complete with showers. A spacious common area includes a kitchen, pantry, and laundry facilities. The layout includes open areas on both the first floor and basement, providing versatile space for various uses. Ample parking is available, enhanced by a recently seal-coated, drained area. Access is convenient via one drive-in door. Enjoy the added benefit of a rooftop deck. The property is zoned C-5, currently operating under a residential variance. The asking price is $1,221,000, translating to $150 per square foot. This three-story building offers a blend of residential and commercial potential in a thriving Indianapolis neighborhood. The land value is also assessed at $150 per square foot. This property is vacant and ready for immediate occupancy.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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