2101 S State, Indianapolis, IN, 46203 - Available for Sale

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Flex Space On I65/I70 Downtown Indy

2101 S State, Indianapolis, IN 46203

$399,900

5,200 SF | Office

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Flex Office Warehouse Off I65 I70 Downtown Indy

Office Property For Sale

Price:
$399,900
Building Size:
5,200 SF
Price/SF:
$76.90
Property Type:
Office
Property Sub-type:
Office-Warehouse
Property Use Type:
Investment
Commission Split:
4%
Cap Rate:
5.62%
Occupancy:
100%
No. Stories:
1
Building Class:
B
Tenancy:
Single
Year Built:
1950
Lot Size:
11,250 SF
APN / Parcel ID:
1064163
Parking Ratio:
15 / 1,000 SF
Listing ID
16198759
Last Updated
14 days ago

Find Out More...

Highlights

  • 16 ft. ceilings in warehouse
  • 2 large workshop areas, one designed with equipment wash-down area
  • Recently renovated 2,000 sq. ft. front office/reception/conference area
  • Extra lot for added parking/expansion

Description

Well-laid out, beautifully maintained 5,200 sq. ft building just 1 block from I-65/I-70 ramps in downtown Indianapolis.

Current tenant just signed 3-year lease, looking to purchase.

Well-located property, with 2,000 sq. ft. of warehouse, 2,000 sq. ft. of office/reception/conference space, and 1,500 sq. ft. of workshops. Zoned C-3, with 3 overhead doors & 16 ft. ceilings in warehouse, it also offers an adjacent vacant lot for later expansion, added parking, and more.

1 block from I-65 Raymond St. exit, 2 minutes from I-70, 10 minutes from Indianapolis International Airport, 1 block from major arterial (Raymond St.) in area zoned C-3 (medium commercial).

Map of 2101 S State, Indianapolis, IN 46203 (Marion County)

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Asking Price Index Trends for Indianapolis, IN Office For Sale

  Aug 14 vs. 3 mo.
prior
Y-O-Y
-
State
$74+0.4%+0.7%
-
Metro
$91+4.7%+2.8%
-
County
$83+7.1%+5.6%
-
City
$83+6.3%+2.1%

View Indianapolis Market Trends for other property types for sale or lease. Learn more about the chart info.

Flex Space On I65/I70 Downtown Indy
  • Office
  • $399,900
  • 5,200 SF