2121 Hillside Avenue, Indianapolis, IN 46218

$3,900,000
43,000
SqFt
List Price
$3,900,000
MLS#
21984523
Property Type
Commercial Sale
Sqft. of Residence
43,000
Year Built
1973
Days on Market
30
Status
ACTIVE

Property Description

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

Stories
One
Acres
5.50
Heat
Gas, Other
Cooling
None
Financing
Cash Only
Region
Center

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of United Real Estate Indpls.

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