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Property profile & analytics
OFF-MARKET Estimated value $3,480,000
Commercial real estate

4001 Minnesota St Indianapolis, IN 46241-4004

194,808 SF 9.44 ac lot Built 1967
Entity Owned 2-yr Hold Free & Clear
Property ID
US31-0946130
Property summary
AI-generated overview

This exceptional 10,000-square-foot cold storage warehouse, located at 4001 W Minnesota St, Indianapolis, IN 46241, presents a unique opportunity. Built in 1967 and extensively renovated in 2024, this Class B industrial property boasts a single-story building with a 20-foot ceiling height. The facility features four loading docks and four dock-high doors, ensuring efficient loading and unloading. Ample auto and trailer parking is available on-site. Currently fully vacant, this space is zoned I-3 (Heavy Industrial) and offers a flexible layout. The property maintains a consistent temperature between 35 and 37 degrees Fahrenheit, ideal for cold storage operations. The owner is willing to work with qualified tenants on lease terms that include the installation of a demising wall and the construction of office space and restrooms. Its strategic Southwest Indianapolis location provides convenient access to downtown Indianapolis and the Indianapolis International Airport. This is a rare opportunity to secure a fully renovated, well-equipped cold storage facility in a prime location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1967
Construction TYPE NOT SPECIFIED
Total area 194,808 SF
Lot 9.44 ac (411,206 SF)
Zoning code ZO01
APN 49-11-17-102-013.000-900
UPID US31-0946130
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
  • SUNSHINE BOUQUET Big Box & Wholesale Store
  • FedEx Drop Box Postal Service Courier Service
  • Hanzo Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.94M
Blend (final) Blend
$3.48M
Owner & transaction history
Land Builders LLC · 2 yrs held
Land Builders LLC
since 2024
5 recorded transactions
2024
Price N/A
2023
Price N/A
2016
Price N/A
2012
Price N/A
2011
Price N/A
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
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