8761 E. 116th Street

Retail-Commercial for Sale
Catylist Listing ID: 30753936
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 9,125 SF
Gross Land Area: 0.33 Acres
Sale Price: $1,000,000
Unit Price: $109.59 PSF
Property Use Type: Vacant/Owner-User
Building Name: Former Plumbers Supply
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/7/2021

Overview / Comments

Redevelopment opportunity in downtown Fishers. Located in the heart of downtown Fishers, the property has frontage on 116th Street and easily accessible with excellent visibility. Surrounded by new developments of retail, multi-family and office, the property has unlimited potential opportunities.

Attachments & Media

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $6,867 (Annual)
Tax Value Land $177,600
Tax Value Improvements $143,600
Assessed Value - Total($) $321,200 (Annual)
Finance Data Year 2013
Real Estate Taxes - Annual($) $6,926 (Annual)
Tax Value Land $177,600
Tax Value Improvements $139,700
Assessed Value - Total($) $317,300 (Annual)
Finance Data Year 2011
Real Estate Taxes - Annual($) $6,748 (Annual)
Tax Value Land $177,600
Tax Value Improvements $145,500
Assessed Value - Total($) $323,100 (Annual)
Finance Data Year 2010
Real Estate Taxes - Annual($) $6,431 (Annual)
Tax Value Land $177,600
Tax Value Improvements $145,500
Assessed Value - Total($) $323,100 (Annual)

Additional Details

Nearest MSA: Indianapolis-Carmel
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 29-14-01-201-010.000-006
Retail Clientele: General, Business
Property Located Between: I69 and Allisonville Road
Property Visibility: Excellent
Largest Nearby Street: Lantern Road
Feet of Frontage: 66
Traffic/Vehicle Count: 31,815
Highway Access: I69
Airports: Indianapolis International
Site Description: Redevelopment opportunity in downtown Fishers. Located in the heart of downtown Fishers, the property has frontage on 116th Street and easily accessible with excellent visibility. Surrounded by new developments of retail, multi-family and office, the property has unlimited potential opportunities.
Area Description: Fishers, Indiana is to the north of Indianapolis and is easily accessed via I69 from downtown Indianapolis. Fishers is experiencing rapid growth and development and its downtown area is seeing unprecedented development with retail, multi-family and destination shopping/recreation like The Yard at Fishers District, IKEA and Top Golf. Fishers has won numerous awards by national publications for the best places to live and work in the USA.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,005 SF
Property Condition: Good
Year Built: 1975
Roof Type: Flat
Construction/Siding: Block
Total Parking Spaces: 20
Parking Type: Surface
Lot Frontage: 66
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Acreage .00, Section 1, Township 17, Range 4, KIMBERLAIN'S, Lot 5

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,305 74,185 175,835
Median Age: 33.39 36.25 36.81
Households: 4,869 28,320 67,962

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