1132 E. 16th Street

Retail-Commercial for Sale
Catylist Listing ID: 30682422
Property Subtypes: Car Wash, Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub, Vehicle Related
Building Size (RSF): 1,536 SF
Sale Price: $495,000
Unit Price: $322.27 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Former Car Wash
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/1/2023

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

Nearest MSA: Indianapolis-Carmel-Anderson
County: Marion
Tax ID/APN: 49-07-31-213-359.000-101
Zoning: C5
Site Description: 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.
Zoning Description: C5

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,348 127,499 292,352
Median Age: 34.52 34.44 35.2
Households: 7,515 52,888 118,955
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