2121 Hillside Avenue

Active

2121 Hillside Avenue

Indianapolis IN, 46218

$3,900,000

$90.70 per sqft

Active

43,000 sqft

Commercial

Built in 1973

Courtesy of United Real Estate Indpls, Randall Reichmann Listing Contact: [email protected]

FANTASTIC INVESTMENT PROPERTY!! 40,000 sq ft building on 5 .5 acres close to downtown Indianapolis. Owner recently sold business. New business owner is a manufacturing company, financially strong and has a 5 year lease on entire property with a 5 year extension option. Base rent is $20,833/month with a 3% increase each year. Tenant is responsible for insurance. Landlord is responsible for roof and taxes. Property has been meticulously maintained and is completely fenced with chainlink fence. Over 1200 sq ft of office space with seperate bathrooms, heated and cooled. Site was orginally used as industial dry-cleaning facility from 1960s until 2003. Property was classified as a "Brownfield Site" and maintains a Sub-Slab Depressurization system. On July 24, 2020 IDEM indicated all corrective action complete. See attached documents. Listing agent will answer questions and arrange viewing.

21984523

MLSⓇ ID

June 17, 2024

Listed

October 1, 2024

Updated

Map

2121 Hillside Avenue
Indianapolis IN, 46218

Interior Features

Total Stories: 2
Fireplace: No
Cooling: No
Cooling Description: None
Heating: Yes
Heating Description: Gas, Other

Exterior/Building Features

Lot Size: 5.5 Acres
Roof: Rubber

School Information

School District: Indianapolis Public Schools

Other Property Details

Area Name: 4912 - Marion - Center Ne
Days on Market: 15
Garage: Yes
Parking: Common, Asphalt, Electric Gate, Garage Door Opener
View: No
County: Marion
Municipality: Center
Pool: No
Zoning: I3

Courtesy of United Real Estate Indpls, Randall Reichmann,
Listing Contact: [email protected]

IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on the information submitted to the Broker Listing Cooperative listing service as of 10/1/2024, 9:48 PM UTC. All information believed to be reliable but not guaranteed and should be independently verified. Supplied Open House Information is subject to change without notice. All properties are subject to prior sale, change, or withdrawal. Properties may or may not be listed by the office/agent presenting the information. Neither listing broker(s), nor Metropolitan Indianapolis Board of REALTORS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless.

Data last updated 9:48 PM UTC, 10/1/2024