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1301 Barth Ave 11,060 SF Retail Building Indianapolis, IN 46203 $1,390,000 ($125.68/SF)
Investment Highlights
- PRICE & PACKAGE IMPROVEMENT!! SELLERS ARE MOTIVATED!! PERFECT FOR USER OR INVESTOR!!
- INCLUDES BUILDABLE LOT ON SHELBY. 1301 BUILDING GOOD FOR VARIETY OF USES (GROCERY, MEETING & RECEPTION HALL, INDOOR SPORTS)
- WITH THE RENTED HOUSE AT 1335 BARTH, THE ASKING PRICE IS $1,690,000 (house may not be purchased individually)
Executive Summary
PRICE & PACKAGE IMPROVEMENT!! SELLERS ARE MOTIVATED!!
NOTE: 1301 BARTH AND 1310 SHELBY MAY BE PURCHASED TOGETHER (WITHOUT THE RENTED HOUSE AT 1335 BARTH*) WITH ASKING PRICE OF $1,390,000!!
*WITH THE RENTED HOUSE AT 1335 BARTH, THE ASKING PRICE IS $1,690,000 (house may not be purchased individually).
(1301 Barth) 11,060 +/- retail/warehouse/multi-use building on .57+/- acre, 27-car paved parking (zoned CS); Currently leased as a brewery/bar (but could be negotiated to work for a user/occupier)with high ceilings, multiple overhead doors + ample parking lot - 2026 rent, $8,357.55/month NNN - Based on current lease which runs with rent increases to Jan. 2028, plus two 1 year options to renew at increased rent.
(1310 Shelby) adjacent .088 +/- acre level corner lot fronting busy Shelby Street (zoned MU1);
(1335 Barth) adjacent 1,977 +/- sf (includes basement and deck), nicely updated 3 bedroom, 2 bath rented house with 3 off-street parking spaces on 3,040 +/- sf corner lot (zoned D5 & CS). Projected rent for 2026, $2,100/month - Based on 4% annual rent increase from current lease
PRO-FORMA BELOW INCLUDES HOUSE INCOME AND EXPENSES
NOTE: 1301 BARTH AND 1310 SHELBY MAY BE PURCHASED TOGETHER (WITHOUT THE RENTED HOUSE AT 1335 BARTH*) WITH ASKING PRICE OF $1,390,000!!
*WITH THE RENTED HOUSE AT 1335 BARTH, THE ASKING PRICE IS $1,690,000 (house may not be purchased individually).
(1301 Barth) 11,060 +/- retail/warehouse/multi-use building on .57+/- acre, 27-car paved parking (zoned CS); Currently leased as a brewery/bar (but could be negotiated to work for a user/occupier)with high ceilings, multiple overhead doors + ample parking lot - 2026 rent, $8,357.55/month NNN - Based on current lease which runs with rent increases to Jan. 2028, plus two 1 year options to renew at increased rent.
(1310 Shelby) adjacent .088 +/- acre level corner lot fronting busy Shelby Street (zoned MU1);
(1335 Barth) adjacent 1,977 +/- sf (includes basement and deck), nicely updated 3 bedroom, 2 bath rented house with 3 off-street parking spaces on 3,040 +/- sf corner lot (zoned D5 & CS). Projected rent for 2026, $2,100/month - Based on 4% annual rent increase from current lease
PRO-FORMA BELOW INCLUDES HOUSE INCOME AND EXPENSES
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bar
Building Size
11,060 SF
Building Class
B
Year Built
1961
Price
$1,390,000
Price Per SF
$125.68
Tenancy
Single
Building Height
1 Story
Building FAR
0.39
Lot Size
0.65 AC
Zoning
CS - 1310 Shelby is included - .088 ac. adjacent land is zoned MU1
Parking
27 Spaces (2.44 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
Walk Score®
Very Walkable (79)
Bike Score®
Biker's Paradise (96)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $369,600 | |
| Land Assessment | $256,200 | Total Assessment | $625,800 |
Property Taxes
Parcel Numbers
Land Assessment
$256,200
Improvements Assessment
$369,600
Total Assessment
$625,800
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