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Fountain Square - Barth Ave + Shelby St 3 Properties Offered at $2,357,888 CAD in Indianapolis, IN
INVESTMENT HIGHLIGHTS
- NOTE: 1301 BARTH AND 1310 SHELBY MAY BE PURCHASED TOGETHER (WITHOUT THE RENTED HOUSE AT 1335 BARTH) WITH ASKING PRICE OF $1,390,000!!
- PRICE IMPROVEMENT!! SELLERS ARE MOTIVATED!!
- Buildable lot fronting Shelby St. presents upside
EXECUTIVE SUMMARY
PRICE IMPROVEMENT!! SELLERS ARE MOTIVATED!!
NOTE: 1301 BARTH AND 1310 SHELBY MAY BE PURCHASED TOGETHER (WITHOUT THE RENTED HOUSE AT 1335 BARTH) WITH ASKING PRICE OF $1,390,000!!
(1301 Barth) 11,060 +/- retail/warehouse/multi-use building on .57+/- acre, 27-car paved parking (zoned CS); Currently leased as a brewery/bar (but could be negotiated to work for a user/occupier)with high ceilings, multiple overhead doors + ample parking lot - 2026 rent, $8,357.55/month NNN - Based on current lease which runs with rent increases to Jan. 2028, plus two 1 year options to renew at increased rent
(1310 Shelby) adjacent .088 +/- acre level corner lot fronting busy Shelby Street (zoned MU1);
(1335 Barth) adjacent 1,977 +/- sf (includes basement and deck), nicely updated 3 bedroom, 2 bath rented house with 3 off-street parking spaces on 3,040 +/- sf corner lot (zoned D5 & CS). Projected rent for 2026, $2,100/month - Based on 4% annual rent increase from current lease
NOTE: 1301 BARTH AND 1310 SHELBY MAY BE PURCHASED TOGETHER (WITHOUT THE RENTED HOUSE AT 1335 BARTH) WITH ASKING PRICE OF $1,390,000!!
(1301 Barth) 11,060 +/- retail/warehouse/multi-use building on .57+/- acre, 27-car paved parking (zoned CS); Currently leased as a brewery/bar (but could be negotiated to work for a user/occupier)with high ceilings, multiple overhead doors + ample parking lot - 2026 rent, $8,357.55/month NNN - Based on current lease which runs with rent increases to Jan. 2028, plus two 1 year options to renew at increased rent
(1310 Shelby) adjacent .088 +/- acre level corner lot fronting busy Shelby Street (zoned MU1);
(1335 Barth) adjacent 1,977 +/- sf (includes basement and deck), nicely updated 3 bedroom, 2 bath rented house with 3 off-street parking spaces on 3,040 +/- sf corner lot (zoned D5 & CS). Projected rent for 2026, $2,100/month - Based on 4% annual rent increase from current lease
TAXES & OPERATING EXPENSES (PRO FORMA - 2026) |
ANNUAL (CAD) |
|---|---|
| Gross Rental Income |
$175,085
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$175,085
|
| Taxes |
$8,954
|
| Operating Expenses |
$1,511
|
| Total Expenses |
$10,465
|
| Net Operating Income |
$164,620
|
TAXES & OPERATING EXPENSES (PRO FORMA - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $175,085 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $175,085 |
| Taxes (CAD) | |
|---|---|
| Annual | $8,954 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $1,511 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $10,465 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $164,620 |
PROPERTY FACTS
| Price | $2,357,888 CAD | Number of Properties | 3 |
| Price / SF | $180.86 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 13,037 SF |
| Status | Active | Total Land Area | 0.65 AC |
| Price | $2,357,888 CAD |
| Price / SF | $180.86 CAD / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 13,037 SF |
| Total Land Area | 0.65 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1310 Shelby St, Indianapolis, IN 46203 | Land | 0.08 AC | - | - |
| 1301 Barth Ave, Indianapolis, IN 46203 | Retail | 11,060 SF | 1961 | - |
| 1335 Barth Ave, Indianapolis, IN 46203 | Specialty | 1,977 SF | 1910 | - |
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Fountain Square - Barth Ave + Shelby St
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