43,000 sqft

$3,900,000

2121 Hillside Avenue, Indianapolis IN, 46218

Price per sqft$90.70

Built in1973

Property size43,000 sqft

Property typeCommercial

Courtesy of United Real Estate Indpls, Randall Reichmann Listing Contact:

Overview

Active

Listed Jun 17, 2024

Updated Jun 10

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.

Additional information

MLS^® ID: 21984523

Interior Features

Heating: Yes
Basement: No

Exterior Features

Lot Size: 5.5 Acres

Other Property Details

Garage: Yes

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