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951 W Morris St
Indianapolis, IN 46221
Zaahi Studios · Industrial Property For Sale
Executive Summary
Current NOI: $136,539
Projected NOI: $296,139
**951 W Morris St is a value-add industrial investment. Suites A-C are leased to DK Home Furniture & Mattress. Suite E is leased to RH Motorsports. There is a 60-day Landlord termination option for both tenants upon a sale of the property.
Allies Commercial Realty has been exclusively retained to market for sale the Riva Campo Portfolio, a rare five-parcel industrial and flex property package totaling 78,543 SF across 3.33 acres in Indianapolis. With C-7 zoning and a strategic location near Lucas Oil Stadium, Lilly Technology Center, and the White River, this portfolio offers significant upside for investors seeking value-add opportunities in a rapidly developing submarket.
The portfolio consists of five properties featuring diverse building sizes and uses, including industrial, flex, and parking. Combined, the sites offer multiple dock and drive-in loading options, clear heights ranging from 11’–20’, and strong accessibility from both Morris Street and Kentucky Avenue. Currently, the portfolio is 75% occupied allowing for a compelling value-add opportunity for investors seeking to enhance returns through lease-up, repositioning, or redevelopment.
Positioned within minutes of downtown Indianapolis and surrounded by high-profile developments such as Eleven Park, Back 9 Golf, and the Elanco Global HQ, this portfolio is uniquely situated for both passive investment and redevelopment strategies. With year-to-year leases currently in place, investors have the flexibility to reposition the properties to meet market demand and maximize returns.
Projected NOI: $296,139
**951 W Morris St is a value-add industrial investment. Suites A-C are leased to DK Home Furniture & Mattress. Suite E is leased to RH Motorsports. There is a 60-day Landlord termination option for both tenants upon a sale of the property.
Allies Commercial Realty has been exclusively retained to market for sale the Riva Campo Portfolio, a rare five-parcel industrial and flex property package totaling 78,543 SF across 3.33 acres in Indianapolis. With C-7 zoning and a strategic location near Lucas Oil Stadium, Lilly Technology Center, and the White River, this portfolio offers significant upside for investors seeking value-add opportunities in a rapidly developing submarket.
The portfolio consists of five properties featuring diverse building sizes and uses, including industrial, flex, and parking. Combined, the sites offer multiple dock and drive-in loading options, clear heights ranging from 11’–20’, and strong accessibility from both Morris Street and Kentucky Avenue. Currently, the portfolio is 75% occupied allowing for a compelling value-add opportunity for investors seeking to enhance returns through lease-up, repositioning, or redevelopment.
Positioned within minutes of downtown Indianapolis and surrounded by high-profile developments such as Eleven Park, Back 9 Golf, and the Elanco Global HQ, this portfolio is uniquely situated for both passive investment and redevelopment strategies. With year-to-year leases currently in place, investors have the flexibility to reposition the properties to meet market demand and maximize returns.
Property Facts
Amenities
- 24 Hour Access
- Signage
Utilities
- Lighting - Metal Halide
- Gas - Natural
- Water - City Water
- Sewer - City Sewer
- Heating - Gas
Property Taxes
| Parcel Number | 49-11-14-102-007.000-101 | Improvements Assessment | $480,400 |
| Land Assessment | $365,800 | Total Assessment | $846,200 |
Property Taxes
Parcel Number
49-11-14-102-007.000-101
Land Assessment
$365,800
Improvements Assessment
$480,400
Total Assessment
$846,200
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