2612 Morris St, Indianapolis, IN 46221-1427
- Commercial real estate
- 7,626 SF
- 9.67 lot acres
Current Use by Public Records
- E H Hamilton Trucking / Trucking Company
Property Details for 2612 Morris St
- Year built
- 1970
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 9.67 lot acres
- Property type
- Commercial real estate
- APN
- 49-11-09-122-010.000-901
- APU
- 491109122010000901
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 10, 2025 | — | Top Property Investors LLC | Gdr Sw II LLC | Special Warranty Deed | — |
| Jan 22, 2025 | — | Gdr Sw II LLC | Gdr Sw II LLC | Deed · related | — |
| Jul 16, 2024 | — | Gdr Sw II LLC | Morris Property Associates LLC | Limited Warranty Deed | — |
| Mar 18, 2024 | — | Morris Property Associates LLC | — | Deed · related | $505k · Stock Yards Bank & Trust Co |
| Mar 2, 2022 | — | Indianapolis City | Morris Property Associates LLC | Warranty Deed | — |
| Apr 22, 2020 | — | Morris Property Associates LLC | — | Deed Of Trust · related | $200k · Stockyard Bk&tr |
| May 13, 2019 | — | Morris Property Associates LLC | — | Trustees Deed · related | $200k · Stockyard Bk&tr |
| Jul 23, 2018 | — | Morris Property Associates LLC | — | Deed · related | $193k · Fifth Third Bk |
| — | — | Morris Property Associates LLC | — | Deed Of Trust · related | $300k · Stockyard Bk&tr |
| — | — | Morris Property Associates LLC | — | Deed Of Trust · related | $650k · Fifth Third Bank |
| — | — | Morris Property Associates LLC | — | Loan Modification · related | $193k · Fifth Third Bk |
Description
This exceptional ±45,591 square foot industrial property, situated on a spacious 10.07-acre lot in Indianapolis, Indiana, presents a unique investment opportunity. The property, built in 1967 and extensively renovated in 2024, is zoned I-3 and features a multi-tenant configuration with two suites. The main warehouse boasts impressive specifications, including 79 dock-high doors and 8 drive-in doors, catering to high-volume operations. Ceiling heights range from 16 to 22 feet, providing ample vertical space. The property also includes a separate maintenance facility totaling ±7,626 square feet, featuring 7 drive-in doors (with potential for expansion) and a 22-foot ceiling height. Both the warehouse and maintenance facility benefit from modern LED lighting and ample power service (800 amps, 3-phase for the warehouse
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,545,000
- 6.5%
- $1,425,000
- 7%
- $1,325,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $911,000
- AI Estimate
- $1,390,000
Market price range: $227k - $912kMarket price range: $254k - $1.39M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,590,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.205
- Latitude
- 39.752
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
