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2439 W 16th St 2,800 SF 100% Leased Retail Building Indianapolis, IN 46222 $458,380 CAD ($163.71 CAD/SF) 8.60% Cap Rate
Investment Highlights
- Corner Lot
- Easy access on West Side of Indianapolis
- High Traffic Area
Executive Summary
PROPERTY OVERVIEW
• PRICE REDUCED: $350,000
• 2,800 SF retail building
• Zoned C5
• 0.16 acre corner lot
• Ample parking in rear and on street
• Heavy traffic corridor
• Excellent location on west side of Indianapolis near 16 Tech, Indianapolis
Motor Speedway, Indiana University/Purdue University Indianapolis
• Current buildout is basically white boxed with one standalone office in
front of building with a kitchen and restrooms in the rear
* Current zoning of C5 allows for Automotive Sales, but the property and building as they are today is not ideal for that use.
* Current tenant can be vacated with a 90 day notice.
• PRICE REDUCED: $350,000
• 2,800 SF retail building
• Zoned C5
• 0.16 acre corner lot
• Ample parking in rear and on street
• Heavy traffic corridor
• Excellent location on west side of Indianapolis near 16 Tech, Indianapolis
Motor Speedway, Indiana University/Purdue University Indianapolis
• Current buildout is basically white boxed with one standalone office in
front of building with a kitchen and restrooms in the rear
* Current zoning of C5 allows for Automotive Sales, but the property and building as they are today is not ideal for that use.
* Current tenant can be vacated with a 90 day notice.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,800 SF
Building Class
C
Year Built
1950
Price
$458,380 CAD
Price Per SF
$163.71 CAD
Cap Rate
8.60%
NOI
$39,421 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
0.16 AC
Zoning
C-5 - Commercial
Parking
15 Spaces (5.36 Spaces per 1,000 SF Leased)
Frontage
45’ on W 16th ST
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-06-33-151-003.000-901 | Improvements Assessment | $106,496 CAD |
| Land Assessment | $28,499 CAD | Total Assessment | $134,994 CAD |
Property Taxes
Parcel Number
49-06-33-151-003.000-901
Land Assessment
$28,499 CAD
Improvements Assessment
$106,496 CAD
Total Assessment
$134,994 CAD
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2439 W 16th St
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