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5434-5448 W 86th St
Indianapolis, IN 46268
Value Add - Indianapolis Metro · Retail Property For Sale
Investment Highlights
- Value Add Oppurtunity
- Road Frontage
- Development Oppurtunity
Executive Summary
This 3.05-acre property presents a fantastic value-add opportunity with both retail and industrial components, offering versatility and potential for increased returns. The retail site, zoned C4, consists of 15,000 square feet and is currently configured with 8 units, with the potential to be converted into 9 units. Most spaces are built out but would benefit from CAPEX improvements to modernize and maximize rental income. The industrial building, zoned I4, offers 6,300 square feet and is ideal for various industrial uses, providing flexibility for owner-users or tenants. This property is perfect for investors looking to enhance value through renovations and lease-up strategies. With strong zoning designations and ample space for improvements, this site is ready for its next phase of growth!
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Auto Repair
Building Size
15,320 SF
Building Class
C
Year Built
1984
Price
$3,419,200 CAD
Price Per SF
$223.19 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.41
Lot Size
0.85 AC
Zoning
I-4
Parking
50 Spaces (3.26 Spaces per 1,000 SF Leased)
Frontage
237’ on W 86th St
Amenities
- Fenced Lot
- Pylon Sign
- Signalized Intersection
- Tenant Controlled HVAC
- Air Conditioning
Property Taxes
| Parcel Number | 49-04-13-109-039.000-600 | Improvements Assessment | $975,840 CAD |
| Land Assessment | $2,198,546 CAD | Total Assessment | $3,174,385 CAD |
Property Taxes
Parcel Number
49-04-13-109-039.000-600
Land Assessment
$2,198,546 CAD
Improvements Assessment
$975,840 CAD
Total Assessment
$3,174,385 CAD
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