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Listed by Heather Bottorff Harmon • Doc Real Estate, Inc
$750,000
Est. payment /mo
9,720 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 9,720 sqft
Price per Sqft $77
MLS Listing ID 22074689
Year Built 1905
Tax Year 2024
Lot Size 0.450 Acres
Acres 0.45
Property Sub-Type Office
Property Description
ENTREPRENEURS! INVESTMENT AND/OR OWNER-OCCUPANT OPPORTUNITY! Two income-producing commercial buildings situated on one parcel in a high-traffic location near Fountain Square, the new Community Justice Campus,downtown Indianapolis, & less than one mile from I-65 access. Both buildings are being sold together;seller will not divide. The first building offers approximately 2,500 square feet and is currently leased to a restaurant tenant at $3,500 per month, with tenant responsible for utilities. The current lease expires in July 2026, and the tenant has expressed interest in remaining. The second building offers approximately 7,200 square feet & features multiple income-producing possibilities. Floor Plan available. One section was previously leased as a daycare center. Another section includes four private offices, reception area, front desk space, conference room, & breakroom, making it suitable for a variety of professional uses. The third section offers warehouse, storage, retail, or service-related space. Previous uses throughout the property have included a church, daycare center, professional offices, auto repair, restaurant, convenience & clothing store, daycare, & more. Seller was collecting over $13K a month! With only one space currently occupied, buyers have the unique opportunity to select their own tenants, establish their own business operation, or create a customized investment strategy. Potential uses are subject to zoning and governmental approvals. Whether you are seeking an investment property, owner-occupied business location, or a combination of both, this versatile property offers flexibility and significant income-producing potential. Conveniently located approximately 1.5 miles from downtown Indianapolis and in close proximity to major redevelopment projects, this property is well-positioned for future growth. Bring your vision, entrepreneurial spirit, and business sense to unlock the possibilities this unique commercial property has to offer.
Location
State IN
County Marion
Zoning c-3
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace N
Exterior
Utilities Available Electricity Connected, Natural Gas Connected
Roof Type Shingle
Building
Story 1
New Construction false
Schools
School District Indianapolis Public Schools
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