1132 E. 16th Street

1132 East 16th Street , Indianapolis, Indiana 46202

  • Property Subtypes Free-Standing Building , Car Wash , Restaurant , Tavern/Bar/Nightclub , Street Retail , Vehicle Related
  • Gross Building Area 1,536 SF
  • Building Name Former Car Wash
  • Building Status Vacant/Owner-User
  • Sale Price $625,000.00 PSF
  • Property Use Type Vacant/Owner-User
  • Class of Space N/A
  • Total Land Size 11,299 SF
  • Sale Terms Cash to Seller
  • Cap Rate Undisclosed
  • Last Updated 9/16/2020
  • Days on Market 51 Days
  • Status active

Overview / Comments

Freestanding 1,536 sf former automotive building on 1/4 acre in hot Monon 16 district one block east of the Monon Trail. Zoned C5. Ideal for restaurant, retail, automotive, etc, uses and/or residential redevelopment. Adjacent to recent $20m Monon Lofts development. Site is considered by Indy DMD to be located on "transportationally significant thoroughfare," which permits less stringent parking ratios.

Additional Details

  • Tax ID/APN 49-07-31-213-359.000-101
  • Zoning C5
  • Property Visibility N/A
  • Zoning Description C5

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