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1132 E 16th St
Indianapolis, IN 46202
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Rare purchase opportunity near downtown. The Near Northside/Monon/16th St Corridor is exploding with new development.
- Site could also work as apartment or townhome redevelopment.
- Great visibility and is located between two major investment development districts.
EXECUTIVE SUMMARY
Rare purchase opportunity on Indy's near north side. +/-1,536 sf freestanding building in hot 16th & Monon district available for sale or lease. Site is +/-11,299 sf and has over 100' of frontage on 16th Street. Building was formerly used as an automotive use, but could be perfect for retail or restaurant redevelopment. Site could also work as apartment or townhome redevelopment. Adjoining +/-1,836 sf parcel available from its owner. Build-to-suit possible for credit tenant.
PROPERTY FACTS
Sale Type
Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
1,536 SF
Building Class
C
Year Built
1940
Price
$682,570 CAD
Price Per SF
$444.38 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.26 AC
Opportunity Zone
Yes
Zoning
C5 - Commercial
Frontage
115’ on East 16th Street
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 49-07-31-213-359.000-101 | Improvements Assessment | $30,336 CAD |
| Land Assessment | $17,375 CAD | Total Assessment | $47,711 CAD |
PROPERTY TAXES
Parcel Number
49-07-31-213-359.000-101
Land Assessment
$17,375 CAD
Improvements Assessment
$30,336 CAD
Total Assessment
$47,711 CAD
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