3642 West 16th Street

Office for Sale
Catylist Listing ID: 30783942
Property Subtypes: Mixed Use, Office Building
Building Size (RSF): 14,800 SF
Gross Land Area: 0.27 Acres
Sale Price: $1,100,000
Unit Price: $74.32 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class C
Usable Size (USF): 14,800 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/29/2022

Overview / Comments

+/- 14,800 sf zoned C4 on 16th St, just east of IMS.​ Originally built out as a church, but would work well as a daycare, charter school or treatment center.​

Financials

Finance Data Year 2013
Real Estate Taxes - Annual($) $6,418 (Annual)
Tax Value Land $34,800
Tax Value Improvements $184,500
Assessed Value - Total($) $219,300 (Annual)
Finance Data Year 2011
Real Estate Taxes - Annual($) $10,256 (Annual)
Tax Value Land $22,100
Tax Value Improvements $308,700
Assessed Value - Total($) $330,800 (Annual)
Finance Data Year 2010
Real Estate Taxes - Annual($) $10,184 (Annual)
Tax Value Land $22,100
Tax Value Improvements $308,700
Assessed Value - Total($) $330,800 (Annual)
Finance Data Year 2009
Real Estate Taxes - Annual($) $9,738 (Annual)
Tax Value Land $22,100
Tax Value Improvements $308,700
Assessed Value - Total($) $330,800 (Annual)

Additional Details

Nearest MSA: Indianapolis-Carmel
County: Marion
Tax ID/APN: 49-06-32-115-748.000-901
Zoning: C4
Property Located Between: W 16th St & N Somerset Ave
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1955
Year Renovated: 2021
Parking Type: Surface
Legal Description: RAINBOW RIDGE L687 & L688 & 7.5' X 52' VAC ALLEY NE AND ADJ

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,870 101,723 282,814
Median Age: 32.49 31.95 33.62
Households: 4,678 39,089 115,253

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