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2401 N Ritter Ave 20,623 SF Industrial Building Indianapolis, IN 46218 $1,783,000 ($86.46/SF)
INVESTMENT HIGHLIGHTS
- Zoning: I-3
- New HVAC (5 units) installed 2025
- City water/sewer plus well installed
- New rubber roof installed on middle section in 2024, other roof sections are metal; Main entrance reception/office area, modular storage rooms and 5 r
- 2,000 Amps w/ additional 3,000 Amps available
- 4 drive-in doors and a 800 SF covered loading area; Detached, 975 SF Garage/Storage Building with drive-in door; Paved parking area
EXECUTIVE SUMMARY
Well maintained and improved industrial building built in 1969, renovated in 1995. Strategically located interstate connectivity, 1.1 miles (3 min) to I-70 and only 3.7 miles (5 min) to I-465. Great opportunity for wide range of businesses from manufacturing, distribution, indoor/outdoor storage, machinery/truck/heavy vehicle sales, rental or repair and more.
PROPERTY FACTS Under Contract
| Price | $1,783,000 | Rentable Building Area | 20,623 SF |
| Price Per SF | $86.46 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1969 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 0.97/1,000 SF |
| Building Class | C | Clear Ceiling Height | 16’ |
| Lot Size | 4.26 AC | No. Drive In / Grade-Level Doors | 4 |
| Zoning | I-3 - Industrial | ||
| Price | $1,783,000 |
| Price Per SF | $86.46 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 4.26 AC |
| Rentable Building Area | 20,623 SF |
| No. Stories | 1 |
| Year Built | 1969 |
| Tenancy | Single |
| Parking Ratio | 0.97/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | I-3 - Industrial |
AMENITIES
- Reception
- Storage Space
UTILITIES
- Water - City
- Sewer - City
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $219,000 | |
| Land Assessment | $245,700 | Total Assessment | $464,700 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$245,700
Improvements Assessment
$219,000
Total Assessment
$464,700
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2401 N Ritter Ave
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