# 2121 Hillside Avenue, Indianapolis, IN 46218

> **TL;DR:** commercial, $3,900,000, built 1973. Est. $20,859/mo. Listed 867 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $3,900,000 |
| Year Built | 1973 |
| Lot Size | 239,580 sqft (5.50 acres) |
| Stories | 2 |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 867 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $19,721 |
| Estimated Insurance | $1,138 |
| **Total** | **$20,859** |

## Property Highlights

- Built in 1973
- 5.50 acre lot
- 2 stories

## Description

### Agent 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.

## Location

- **Address:** 2121 Hillside Avenue, Indianapolis, IN 46218
- **County:** Marion
- **Coordinates:** 39.79617, -86.127113
- **Google Maps:** https://www.google.com/maps?q=39.79617,-86.127113

## Listing Agent

- **Name:** Randall Reichmann
- **Brokerage:** SGA Enterprises, Inc
- **Broker Phone:** (317) 255-7285

## Photos

![2121 Hillside Avenue - Photo 1](http://lh.rdcpix.com/73e4f7e63023b71b516db20a3de085c5l-f3325657610r.jpg)

![2121 Hillside Avenue - Photo 2](http://lh.rdcpix.com/73e4f7e63023b71b516db20a3de085c5l-f3411549233r.jpg)

![2121 Hillside Avenue - Photo 3](http://lh.rdcpix.com/73e4f7e63023b71b516db20a3de085c5l-f3931752265r.jpg)

---

**MLS#:** 21984523 | **Updated:** 2026-10-20
**Source:** listhub

*Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://staging.propertysimple.ai/listing/2121-hillside-avenue-indianapolis-in-46218-0ccb657afa53434189b32345419b1fc0)

---

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