Remarks

This is a 4 story building with a lower level. Big Red Liquors is leasing the 1st floor as well as the lower floor. The remaining 3 floors are currently in shell condition and ready for your design. Each floor is 2,720 square feet. There is an elevator in the building that will require service. With the CBD1 zoning, you can have office, retail, day care, religious uses, medical uses, hair and nail salon, restaurant, bar, as well as multifamily/condos (over 5 units). If you were to lease the remaining 3 floors for $18.00 per square foot on a NNN basis, the gross rents would be in excess of $230,000 annually. This is an excellent location with close proximity to restaurants, Gainbridge Fieldhouse, Lucas Oil Stadium, etc.

Details

MLS#: 22026290
Price: $2,299,000

Style: Retail
Sq Ft: 13600
Year Built: 1920

County: Marion
Tax Fee: 26854.0

School District: Indianapolis Public Schools