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Investment Highlights

  • Great owner-user opportunity, w/ tenant in place
  • Property listed for sale & for lease
  • Prime location in College Park Area
  • Several updates done throughout

Executive Summary

Property Description:
Introducing a prime investment opportunity in the College Park area of Indianapolis. This impressive 18,000-square-foot building offers an ideal owner-user opportunity, complete with a reliable tenant in place. The property's listing for sale & lease emphasizes its potential for both immediate income & long-term value appreciation. Boasting a prime location in a thriving commercial hub, this property presents a strategic investment in the dynamic Indianapolis market. With a strong tenant in place & the flexibility of being available for sale or lease, this property offers an enticing opportunity for investors seeking a high-performing asset in a sought-after location.
Location Description:
Located in the vibrant city of Indianapolis, the area surrounding the property is teeming with impressive amenities & attractions. Located in the College Park Area, this building sits just off of 86th St. & Michigan Rd, two main city thoroughfares. Less than a half mile to I-465 & only approx. 15 miles to Downtown Indy.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office
Building Size
29,000 SF
Building Class
B
Year Built/Renovated
1976/2009
Price
$2,500,000
Price Per SF
$86.21
Percent Leased
62%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,500 SF
Slab To Slab
10’
Building FAR
0.47
Lot Size
1.43 AC
Zoning
C4 - Commercial
Parking
68 Spaces (2.34 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Bus Line
  • Controlled Access
  • Property Manager on Site
  • Kitchen
  • Central Heating
  • Fully Carpeted
  • Natural Light
  • Drop Ceiling
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Floor
  • 9,000-11,000 SF
  • Office
  • Full Build-Out
  • 30 Days

Introducing an exceptional leasing opportunity in the coveted College Park area on Indianapolis's NW side. This property offers flexibility with available spaces on either the first or second floor to accommodate diverse tenant needs. Surrounded by a wealth of amenities, this prime location provides convenience & comfort for tenants. With its strategic positioning & versatile layout, this property presents a compelling opportunity for businesses seeking a dynamic & adaptable space in a thriving commercial district. Experience the perfect blend of convenience & flexibility in this sought-after location, where the property's features cater to the diverse needs of modern businesses.

Space Size Space Use Build-Out Available
1st Floor 9,000-11,000 SF Office Full Build-Out 30 Days

1st Floor

Size
9,000-11,000 SF
Space Use
Office
Build-Out
Full Build-Out
Available
30 Days

1st Floor

Size 9,000-11,000 SF
Space Use Office
Build-Out Full Build-Out
Available 30 Days

Introducing an exceptional leasing opportunity in the coveted College Park area on Indianapolis's NW side. This property offers flexibility with available spaces on either the first or second floor to accommodate diverse tenant needs. Surrounded by a wealth of amenities, this prime location provides convenience & comfort for tenants. With its strategic positioning & versatile layout, this property presents a compelling opportunity for businesses seeking a dynamic & adaptable space in a thriving commercial district. Experience the perfect blend of convenience & flexibility in this sought-after location, where the property's features cater to the diverse needs of modern businesses.

Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
49-03-17-102-024.000-600
Land Assessment
$452,900
Improvements Assessment
$598,700
Total Assessment
$1,051,600
  • Listing ID: 33837455

  • Date on Market: 11/12/2024

  • Last Updated:

  • Address: 3333 Founders Rd, Indianapolis, IN 46268

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