$1,280,000
141 N Shortridge RD Indianapolis, IN 46219
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Listed by Nigel Barretto • eXp Realty, LLC
$1,280,000
Est. payment /mo
12,800 SqFt
Active
141 N Shortridge RD Indianapolis, IN 46219
UPDATED:
09/20/2024 02:30 PM
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 12,800 sqft
Price per Sqft $100
MLS Listing ID 22000001
Year Built 1974
Tax Year 2023
Lot Size 1.600 Acres
Acres 1.6
Property Description
This turnkey commercial property, comprising two buildings with a total of 10 Offices and 8 half-baths on a 1.6-acre lot, offers an excellent investment opportunity just 0.4 miles from I-465. Occupied by medical businesses, both buildings received upgrades in February 2024, including HVAC systems, heaters, paint, and carpet. Building 141 is equipped with a stair lift, enhancing accessibility on both levels for patients and staff. The expansive lot provides potential for additional development, allowing for permitted uses. This robust investment will boast a 8+ Cap rate once fully rented out providing significant cash flow. Offering Memorandum attached in the Document section.
Location
State IN
County Marion
Zoning C1
Interior
Fireplace N
Exterior
Garage Spaces 2.0
Utilities Available Electricity Connected, Gas Nearby
Waterfront false
Building
Story 2
New Construction false
Schools
School District Msd Warren Township
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