Indianapolis IN Commercial for Sale

ADDITIONAL INFORMATION

Discover this remarkable commercial property nestled in the historic Irvington district of Indianapolis. This versatile two-story building offers an impressive 10,824 square feet of space, presenting endless possibilities for business expansion or investment opportunities. The property encompasses three separate parcels and features an extensive parking area accommodating more than 30 vehicles, providing an excellent opportunity for supplemental income through parking revenue. The second floor showcases finished suites ready to adapt to various business needs, while the main floor awaits your vision for renovation. Located in a vibrant neighborhood, this property benefits from its proximity to several convenient amenities. The Historic Irvington Lodge, a cultural landmark, sits just steps away, while Irving Circle Park offers a peaceful green space within walking distance. Essential services including Family Dollar and various retail establishments are easily accessible, enhancing the property's appeal to potential clients or tenants. The building includes functional bathroom facilities and a basement, providing additional storage. Public transportation is readily available with a bus station nearby, ensuring easy accessibility for employees and customers alike. This property's location in a historic district adds distinctive character and charm, while its generous square footage and multiple parcels offer flexibility for various commercial ventures. Whether you're considering office spaces, retail establishments, or mixed-use development, this property presents a unique opportunity to establish your business in a growing Indianapolis community.

ADDITIONAL INFORMATION

This turnkey commercial property, comprising two buildings with a total of 10 Offices and 8 half-baths on a 1.6-acre lot, offers an excellent investment opportunity just 0.4 miles from I-465. Occupied by medical businesses, both buildings received upgrades in February 2024, including HVAC systems, heaters, paint, and carpet. Building 141 is equipped with a stair lift, enhancing accessibility on both levels for patients and staff. The expansive lot provides potential for additional development, allowing for permitted uses. This robust investment will boast a 8+ Cap rate once fully rented out providing significant cash flow. Offering Memorandum attached in the Document section.

ADDITIONAL INFORMATION

Mixed Use Property with Retail, Office, and Warehousing Located 3 Miles from 465 on the East Side of Indianapolis. C-5 Zoning allows for Retail, Office, Auto Fuel, Repair, Logistics, Excavators, Roofing Contractors, and more! Property Consists of 10 Parcels, nearly with 3 Buildings Totaling over 15,000sf! Front Building is Retail and Office divided into 4 Suites, 2 Garage Doors and 1 Forklift Access Door. HVAC and Roof Membrane approximately 5 years old. Fence with multiple gate access points allows for secured equipment parking. North Office: 3 Offices, 1 Restroom, 1 Conference Room, 1 Fork Lift Door Ste A: Unfinished Retail Ste B: 6 Offices, 1 Conference Room, Kitchenette, 2 Restrooms, 1 Shower Ste C: 57'x52' Open Space, 2 10'x10' Offices, One 8ft Garage Door Building 2: Garage 70' x 40', 14'5" CH, Two 12' Garage Doors. Building 3: 52'x36' Storage Garage, 17'CH, One 12' Garage Door

ADDITIONAL INFORMATION

Just Reduced! Wow! An Auto Body Shop Business & Irvington Staple Since 1929! Originally the Sheridan Ave Garage & 6-7 other names since. Mostly Delk's Body Shop since 1969. You will likely never find an opportunity for this price at a location like this! The price has been discounted for needed updates. Building has been operating as business to date, but will need general updates to bathroom, plumbing, electrical & heating as new owner moves forward. Air Compressors & miscellaneous equipment will be included at sale price but some minor contents to be removed. Features a Large 12 Foot Overhead Door & large open work space inside for 4-5 car working capacity with room left over. 11x9 Office at front of building & a 6x6 bathroom space in the rear of the building. Had overhead natural gas heat in the past, but units would need repair or replacing. This is a solid block building with a recently painted exterior. Rubber roof & driveway in last 10-12 years. Mostly needs interior clean out & mechanical updating. Staked Survey included & a recent property line correction with deeded correction in December 2023. Note: A much smaller Auto Body Shop in the 2300 block of US 40 sold for $360,000 in 2022 and was a just a metal panel framed building, quite inferior to 8 N. Sheridan structurally & in size, but that building was updated. A Minimum 48 hours notice to show is required & written Proof of funds to purchase are required prior to showing. AGENTS: "Do not pull or step onto premises without prior authorization", building is monitored. Sold strictly "As Is", Cash. Inspections for informational purposes only. Non-refundable Earnest Money, 5% required upon acceptance. Prelim title insurance with First American Title. See attachments for other details. NOTE: As of 12/10/24, Seller may consider a contract sale with 50% down or so and a Short Term Mortgage. The corner lot has sold, so only the Auto Body Shop is for sale now.

ADDITIONAL INFORMATION