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1101 S East St 568 SF Retail Building Indianapolis, IN 46225 $275,000 ($484.15/SF)
Executive Summary
Your next passive income source! This is the perfect investment property with a great tenant. The tenant is responsible for all expenses other than property taxes. This is an Amazing location with great drive-by traffic and easy access to everything in downtown Indianapolis, Bates-Hendricks, and Fountain Square neighborhoods. This has been a successful auto dealer for years. This was also the location of the original Hooks Drugs Store in 1900 the designated historic plaque located on the east side of the property. The sale of this property also includes the additional side lot with the address 1117 S EAST ST INDIANAPOLIS, IN 46225
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
568 SF
Building Class
C
Year Built
1979
Price
$275,000
Price Per SF
$484.15
Tenancy
Single
Building Height
1 Story
Slab To Slab
12’
Building FAR
0.26
Lot Size
0.05 AC
Zoning
ZO01 - Commercial C-5 Automotive
Parking
12 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-11-12-101-005.000-101 | Improvements Assessment | $39,800 |
| Land Assessment | $13,100 | Total Assessment | $52,900 |
Property Taxes
Parcel Number
49-11-12-101-005.000-101
Land Assessment
$13,100
Improvements Assessment
$39,800
Total Assessment
$52,900
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Contact the Sale Advisor
1101 S East St