# 2121 Hillside Avenue, Indianapolis, IN 46218

> **TL;DR:** commercial, $3,900,000 ($91/sqft), built 1973, 43,000 sqft. Est. $16,900/mo. Listed 662 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $3,900,000 |
| Price/sqft | $91 |
| Square Feet | 43,000 |
| Year Built | 1973 |
| Lot Size | 239,580 sqft (5.50 acres) |
| Property Type | Commercial (Industrial) |
| Status | For Sale |
| Days on Market | 662 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $16,900 |
| **Total** | **$16,900** |

## Property Highlights

- Built in 1973
- 5.50 acre lot

## 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:** United Real Estate Indpls
- **Phone:** 3173313364
- **Email:** randy.reichmann@gmail.com

## Primary Photo

![2121 Hillside Avenue - Primary Photo](http://lh.rdcpix.com/52ba9b705ed68cab146008bf5ad6166al-f3325657610r.jpg)

*3 total photos available on [listing page](https://www.propertysimple.com/listing/2121-hillside-avenue-indianapolis-in-46218-21984523)*

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**MLS#:** 21984523 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 MIBOR Service Corporation. 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://www.propertysimple.com/listing/2121-hillside-avenue-indianapolis-in-46218-21984523)

---

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