6845 Massachusetts Ave Indianapolis, IN 46226-5651
This exceptional 15,100-square-foot commercial property, located at 6845 Massachusetts Avenue in Indianapolis, Indiana, presents a compelling owner-user opportunity. The building, constructed in 1996, boasts a versatile design suitable for retail, office, or light industrial uses, reflecting its C-4 and C-5 zoning. The property features a spacious layout with a 14-foot clear ceiling height and ample parking for 115 vehicles, providing a 7.7:1,000 square foot ratio. Significant recent upgrades include a new 1,600-amp, three-phase electrical system and two recently installed 7.5-ton HVAC systems. The former Aldi grocery store layout includes existing refrigerators and coolers. The 4.188-acre lot offers excellent visibility due to its location near the busy 38th Street/Pendleton Pike intersection, just one mile from I-465 and two miles from I-70. A large backlit pylon sign enhances visibility. The property benefits from its proximity to numerous amenities and established businesses, including EquipmentShare, Hindel Bowling Lanes, U-Haul, Advanced Auto Parts, and CVS. Further enhancing its appeal is a convenient IndyGo bus stop at the corner and the planned Purple Line improvements along 38th Street. A Hydroponic Farm variance is also in place under the C-5 zoning. The asking price for this turnkey property is $1,649,000.
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Roka Farms Food Processing Plant
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Roka Hemp Food Processing Plant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
ZO01 · Indianapolis, INIndianapolis. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.