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1151 S Kentucky Ave
Indianapolis, IN 46221
Industrial Property For Sale
Executive Summary
**1151 Kentucky Ave is a single tenant industrial building leased by WCWO Wrestling.
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.
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.
Property Facts
| Sale Type | Investment or Owner User | Rentable Building Area | 5,200 SF |
| Cap Rate | 8.14% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1946 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | C | Clear Ceiling Height | 15’ |
| Lot Size | 0.13 AC | No. Drive In / Grade-Level Doors | 1 |
| Zoning | C-7 - Heavy Commercial | ||
| Sale Type | Investment or Owner User |
| Cap Rate | 8.14% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.13 AC |
| Rentable Building Area | 5,200 SF |
| No. Stories | 1 |
| Year Built | 1946 |
| Tenancy | Single |
| Clear Ceiling Height | 15’ |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | C-7 - Heavy Commercial |
Utilities
- Gas
- Water - City Water
- Sewer - City Sewer
Property Taxes
| Parcel Number | 49-11-11-181-015.000-101 | Improvements Assessment | $106,402 CAD |
| Land Assessment | $25,575 CAD | Total Assessment | $131,976 CAD |
Property Taxes
Parcel Number
49-11-11-181-015.000-101
Land Assessment
$25,575 CAD
Improvements Assessment
$106,402 CAD
Total Assessment
$131,976 CAD
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