2121 Hillside Avenue, Indianapolis, Indiana, 46218

2121 Hillside Avenue, Indianapolis, Indiana, 46218
Marion
$3,900,000
43,000 Sqft
5.50 Acres
#21984523
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.

PROPERTY FEATURES

  • Heating : Natural Gas
PROPERTY DETAILS
ID: 21984523
Status: Active
Price: $3,900,000
Acres: 5.50 Acres
Price Per Acre: $709,091
Type: Industrial
Address: 2121 Hillside Avenue
City, State: Indianapolis, Indiana
County: Marion
Zip Code: 46218
Lat/Long: 39.79617, -86.127113
Presented By: Randall Reichmann
Phone: 317-331-3364
Email: Click to Contact
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