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.
| Status | Active |
| Price | $3,900,000 |
| Property Type | Industrial |
| Property Size | 43,000 Sqft |
| Lot Size | 5.50 Acre |
| Courtesy of United Real Estate Indpls, Randall Reichmann | |
| Provided By | MIBOR |
| Last checked on MIBOR | 5/8/2025 10:00:06 PM |
| Last Update from MIBOR | 5/8/2025 2:12:18 AM |
| Tax Amount | 10982 |
| Tax Year | 2023 |
| Year built | 1973 |
| Address | 2121 Hillside Avenue |
| City | Indianapolis |
| State | Indiana |
| County | Marion |
| Postal Code | 46218 |
| Directions | GPS Friendly |
This content last updated on Thursday, May 8, 2025 10:00 PM from MIBOR.
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