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Property profile & analytics
OFF-MARKET Estimated value $415,000
Truck terminals

3340 Shelby St Indianapolis, IN 46227-3258

15,200 SF 6.52 ac lot Built 1952
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US31-0025731
Property summary
AI-generated overview

This exceptional industrial property, located at 3340 Shelby St, Indianapolis, IN 46227, presents a unique opportunity. The 7,465 square foot building sits on a fully paved 6.57-acre lot, offering ample space for truck terminal operations. Built in 1952 and extensively renovated in 2023, the single-story structure boasts a functional layout. Approximately 3,694 square feet are dedicated to office space, featuring a welcoming lobby, five private offices, three bathrooms, and a driver's lounge. The remaining 3,771 square feet comprises warehouse space, equipped with three existing 9'x9' dock doors, with the potential to add eleven more. The high ceilings, ranging from 11.5' to 13', provide excellent vertical clearance. The property's I-3 zoning ensures flexibility for various industrial uses. Its strategic location, just 1.5 miles from both I-465 and I-65, provides easy access to major transportation arteries and is only a few miles from downtown Indianapolis. The $16,000 per month NNN lease makes this a compelling investment. This fully paved lot offers significant potential for a variety of businesses seeking a well-maintained and conveniently located industrial space.

Property profile
Verified
Property type Truck terminals
Use group TRUCK TERMINAL (MOTOR FREIGHT)
Year built 1952
Construction TYPE NOT SPECIFIED
Total area 15,200 SF
Lot 6.52 ac (283,881 SF)
Zoning code ZO01
APN 49-11-25-105-019.000-500
UPID US31-0025731
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
  • Bakers Express Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$415k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$415k
Owner & transaction history
Hanna Investments LLC · 2 yrs held
Hanna Investments LLC
since 2024
7 recorded transactions
2024
Price N/A
2023
Price N/A
2022
Price N/A
2021
Price N/A
2011
$700,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
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