$3,900,000
5.5± Acres
Active
Marion County, IN

2121 Hillside, Indianapolis, Indiana

MLS ID: 21984523
Status: Active
Price: $3,900,000
Acres: 5.5±
Type: Industrial, Commercial
Address: 2121 Hillside
City, State: Indianapolis, IN
County: Marion County
ZIP Code: 46218
Parcel Number: 490731188243000101
Year Built: 1973

Description

FANTASTIC INVESTMENT PROPERTY!! 40,000 sq ft building on 5 .5 acres close to downtown Indianapolis. Owner recently sold business. New business owner is a manufacturing company, financially strong and has a 5 year lease on entire property with a 5 year extension option. Base rent is $20,833/month with a 3% increase each year. Tenant is responsible for insurance. Landlord is responsible for roof and taxes. Property has been meticulously maintained and is completely fenced with chainlink fence. Over 1200 sq ft of office space with seperate bathrooms, heated and cooled. Site was orginally used as industial dry-cleaning facility from 1960s until 2003. Property was classified as a "Brownfield Site" and maintains a Sub-Slab Depressurization system. On July 24, 2020 IDEM indicated all corrective action complete. See attached documents. Listing agent will answer questions and arrange viewing.

Directions: GPS Friendly

Additional Information

Interior

Building Area Total: 43,000
Heating: Gas, Other

Exterior

Electric: Underground
Fencing: Chain Link
Lot Size Square Feet: 239,406
Parking Features: Common, Asphalt, Electric Gate, Garage Door Opener
Road Frontage Type: City Street
Road Surface Type: Asphalt
Roof: Rubber
Stories: 2

Financial/HOA/Schools

Days On Market: 15
Direction Faces: West
High School District: Indianapolis Public Schools
Zoning: I3

Extra Information

Disclosures: Not Applicable
Documents Available: Other, See Remarks
Andrew Epperson

Andrew Epperson

Vincennes, Indiana

(812) 789-6688

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Listed By: Randall Reichmann of United Real Estate Indpls - (317) 331-3364