8 N Sheridan Avenue, Indianapolis, IN 46219

$275,000
1,950
SqFt
List Price
$275,000
Price Change
▼ $75,000 1708694508
MLS#
21958485
Property Type
Commercial Sale
Sqft. of Residence
1,950
Year Built
1928
Days on Market
145
Status
ACTIVE

Property Description

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 are not likely to ever 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 and 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: While we were offering the Auto Body shop at 8 N. Sheridan Ave & the corner building at 6138 E. Washington as a pair for $350,000, the corner building & lot have sold. Only the Auto Body Shop is for sale now.

Additional Information

Stories
One
Acres
0.08
Heat
Other
Cooling
None
Financing
Cash Only
Region
Warren

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Calculator source: Real Geeks

Listing courtesy of Berkshire Hathaway Home.

Information Deemed Reliable But Not Guaranteed. © 2024 Metropolitan Indianapolis Board of REALTORS®