233 & 241 S State Ave, Indianapolis, IN

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30074081
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Light Industrial
Status: Pending/Contingent
Building Size (RSF): 13,525 SF
Gross Building Area: See Agent
Gross Land Area: 0.82 Acres
Sale Price: $649,900
Unit Price: $48.05 PSF
Office SF: 6,400 SF
Drive In Bays: 9 Bays
Property Use Type: Vacant/Owner-User
Building Name: 233 & 241 S State Avenue
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/14/2017

Overview / Comments

Downtown contractor headquarters near Fountain Square with easy interstate and downtown access. This former Indianapolis Electric Company offers flexible space suitable for one business or as an office /warehouse duplex. Side by side office suites (14 offices plus 4 workstations) provide 3315 sf each of offices, conference rooms, kitchen, break room and storage. A 2002 warehouse flanks the south offices 3 drive in overhead doors. The north warehouse has 6 drive in overhead doors. Nearly 1 acre of fenced lot with I-3 zoning. Built to last and well maintained. Great opportunity for growing downtown service providers.

Downtown flexible warehouse space
Near Fountain Square
Easy interstate access
Zoned I-3
North Warehouse-3422 sf; South Warehouse-3731 sf; and Office-6372 sf

Additional Details

Nearest MSA: Indianapolis-Carmel-Anderson
County: Marion
Taxing Authority: Marion County
Tax ID/APN: 49-10-07-205-061.000-101 / 49-10-07-205-059.000-101
Zoning: I-3
Property Located Between: Southeastern Avenue and S. State Avenue
Highway Access: I-65 and/ or I-70
Airports: Indianapolis International Airport
Area Description: Near Fountain Square area
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Good
Year Built: 1988
Year Renovated: 2002
Roof Type: Flat
Exterior Description: Warehouses are metal; Office is DriveT on front
Parking Type: Surface
Parking Description: Surface lot
Total Parking Spaces: 20
Sprinklers: None
X-Phase: WH Single Phase
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: I-3
Lot Frontage: 280 ft
Lot Depth: 111 ft
Water Service: Municipal
Sewer Type: Municipal
Legal Description: State Square Add L12 thru L18

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,119 121,466 270,919
Median Age: 33.3 34.16 34.79
Households: 8,601 49,761 109,668
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