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Property profile & analytics
OFF-MARKET
Office buildings

2217 Duke St Indianapolis, IN 46205-2264

2,016 SF 0.62 ac lot Built 1924
Entity Owned 10-yr Hold Free & Clear
Property ID
US31-1276607
Property summary
AI-generated overview

This exceptional ±13,000 square foot multi-tenant industrial building presents a compelling owner-user or value-add investment opportunity in Indianapolis, Indiana. Located at 2217-2225 Duke Street, this property boasts I-2 zoning, providing versatility for a range of uses. The building features five loading docks with drive-in bays, and a desirable 12-foot clear ceiling height. Currently, some tenants are on month-to-month leases, offering flexible occupancy options for the new owner. Its strategic location just off Binford Boulevard, adjacent to the Indiana State Fairgrounds, ensures excellent accessibility and visibility. A short 15-minute drive to downtown Indianapolis and surrounding suburbs, including Broad Ripple, provides convenient access to a diverse array of amenities and a strong workforce. The asking price is $1,100,000. This property is ideally suited for investors seeking a prime commercial real estate investment in a thriving Indianapolis market, offering strong potential for both immediate income and future appreciation. The property's central location and convenient access to the newly renovated Nickel Plate Trail further enhance its appeal.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1924
Total area 2,016 SF
Lot 0.62 ac (26,960 SF)
APN 49-07-18-103-309.000-801
UPID US31-1276607
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
  • Sweeney Commercial Maintenance Services General Contractor
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Sweeney Real Estate Mgmt LLC · 10 yrs held
Sweeney Real Estate Mgmt LLC
since 2015
2 recorded transactions
2015
Price N/A
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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