141 N Shortridge RD Active Save Request In-Person Tour Request Virtual Tour
Indianapolis,IN 46219
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 12,800 sqft
Price per Sqft $100
MLS Listing ID 22000001
Year Built 1974
Tax Year 2023
Lot Size 1.600 Acres
Property Description
This turnkey commercial property, comprising two buildings with a total of 10 Offices and 8 half-baths on a 1.6-acre lot, offers an excellent investment opportunity just 0.4 miles from I-465. Occupied by medical businesses, both buildings received upgrades in February 2024, including HVAC systems, heaters, paint, and carpet. Building 141 is equipped with a stair lift, enhancing accessibility on both levels for patients and staff. The expansive lot provides potential for additional development, allowing for permitted uses. This robust investment will boast a 8+ Cap rate once fully rented out providing significant cash flow. Offering Memorandum attached in the Document section.
Location
State IN
County Marion
Zoning C1
Exterior
Garage Spaces 2.0
Utilities Available Electricity Connected,Gas Nearby
Building
Story 2
New Construction false
Schools
School District Msd Warren Township