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About This Home
This 0-bedroom, 0-bathroom commercial at 2121 Hillside Avenue in Indianapolis, IN is listed for $3,900,000 ($91 per sqft). Built in 1973, the home offers 43,000 sqft of living space on a 5.50 acres lot.
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.
Key Features
- Built in 1973
- 5.50 acre lot
Property Details
Monthly Cost Estimate
$20,858/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2121 Hillside Avenue
Indianapolis, IN 46218
Features & Amenities
Exterior Features
Property Details
Parking
Heating
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 2121 Hillside Avenue is listed at $3,900,000 ($91/sqft). The estimated monthly payment is $16,900 based on 20% down at 6.5% interest.
Key features include: Built in 1973, 5.50 acre lot. Exterior Features: Fencing.
This property is listed by Randall Reichmann and can be reached at 3173313364 or randy.reichmann@gmail.com.
