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2901 W 16th St 2,775 SF Retail Building Indianapolis, IN 46222 $294,500 ($106.13/SF)
INVESTMENT HIGHLIGHTS
- high traffic location
- near Indianapolis Motor Speedway
EXECUTIVE SUMMARY
Mixed use property. An opportunity to have a business and live on the property. Retail/office space with front entrance. Rehabbed interior with showroom, storage rooms, restroom. Residential 2 story space with private entrance. Building has 2 HVAC units. High traffic area just east of Speedway. Street parking for customers. Two off street parking spaces. Residential space is newly remodeled. New kitchen, bathroom, living room, bedroom. Ready to move in.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
2,775 SF
Building Class
C
Year Built/Renovated
1947/2024
Price
$294,500
Price Per SF
$106.13
Tenancy
Single
Building Height
1 Story
Building FAR
0.36
Lot Size
0.18 AC
Zoning
ZO01 - Mixed use
Parking
2 Spaces (0.72 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Signage
- Storage Space
- Monument Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-06-33-153-133.000-901 | Total Assessment | $74,700 |
| Land Assessment | $25,700 | Annual Taxes | ($2,775) (($1.00)/SF) |
| Improvements Assessment | $49,000 | Tax Year | 2024 Payable 2025 |
PROPERTY TAXES
Parcel Number
49-06-33-153-133.000-901
Land Assessment
$25,700
Improvements Assessment
$49,000
Total Assessment
$74,700
Annual Taxes
($2,775) (($1.00)/SF)
Tax Year
2024 Payable 2025
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Contact the Sale Advisor
2901 W 16th St
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