1103 Kentucky Ave
Indianapolis, IN 46221
Industrial Property For Sale

**1103 Kentucky Ave, also known as the Wapahani Art Studio, is a 96% leased art studio/flex building. The two-story building is leased to individual artists on short term leases.
Allies Commercial Realty has been exclusively retained to market for sale the Riva Campo Portfolio, a rare five-parcel industrial and flex property package totaling 78,543 SF across 3.33 acres in Indianapolis. With C-7 zoning and a strategic location near Lucas Oil Stadium, Lilly Technology Center, and the White River, this portfolio offers significant upside for investors seeking value-add opportunities in a rapidly developing submarket.
The portfolio consists of five properties featuring diverse building sizes and uses, including industrial, flex, and parking. Combined, the sites offer multiple dock and drive-in loading options, clear heights ranging from 11’–20’, and strong accessibility from both Morris Street and Kentucky Avenue. Currently, the portfolio is 75% occupied allowing for a compelling value-add opportunity for investors seeking to enhance returns through lease-up, repositioning, or redevelopment.
Positioned within minutes of downtown Indianapolis and surrounded by high-profile developments such as Eleven Park, Back 9 Golf, and the Elanco Global HQ, this portfolio is uniquely situated for both passive investment and redevelopment strategies. With year-to-year leases currently in place, investors have the flexibility to reposition the properties to meet market demand and maximize returns.