Industrial Facility & Development Ground with High Visibility

3823 Massachusetts Avenue, Indianapolis, Indiana 46218

  • Property Subtypes Warehouse/Distribution , Manufacturing , Flex Space
  • Gross Building Area 68,778 SF
  • Building Status Existing
  • Sale Price $850,000.00 Total
  • Property Use Type InvestmentVacant/Owner-User
  • Class of Space N/A
  • Total Land Size 5.65 Acres
  • Sale Terms Cash to Seller
  • Cap Rate Undisclosed
  • Last Updated 4/2/2020
  • Days on Market 348 Days
  • Status active

Overview / Comments

Building SF: 68,778 SF Acreage: 5.65 AC Sale Price: $995,000 Now available for sale: Industrial/manufacturing complex that features (4) improvements totaling 68,778 ± SF of industrial, manufacturing, warehouse, and office space. Located just East of Massachusetts Avenue & North Sherman Drive, this industrial/manufacturing complex offers terrific visibility and easy access to I-70 via North Rural Street and North Emerson Avenue. Furthermore, this complex is less than three miles (and less than ten minutes) away from Indianapolis' downtown Central Business District. + 53, 818 ± SF of industrial/manufacturing space, 7,560 ± SF of industrial/warehouse space, and 7,400 ± SF of office space + 5.65 Acres in total (Among (2) parcels) + Zoned I-4 + Nearly 1,300 ± feet of frontage (1,127 ± feet on Massachusetts Avenue and 145 ± feet on North Sherman Drive) + (14) Overhead doors (Mixture of grade level (11) and dock height (3) doors; automatic, roll-up, and sliding) + Ceiling heights vary from 11'6" to 36'9" in main foundry facility building, 7'7" to 27'6" in the pole barn, 7'3" to 15'6" in the industrial/office building, and 8' to 10' in the office building + Heavy-duty 3-phase electrical service + CSX rail service immediately adjacent to property + Boundary fenced in its entirety + Indianapolis Power & Light Interstate Foundry substation located on-site + Located at signaled intersection (Massachusetts Avenue & North Sherman Drive) + Corner parcel can be sold separately (0.55 ± Acres) + Wonderful owner-user or investment opportunity!

Additional Details

  • Tax ID/APN 49-07-28-126-007.000-101; 49-07-28-126-006.000-101
  • Property Visibility N/A

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