2121 Hillside Avenue, Indianapolis, IN 46218
- $3,900,000
- 43,000
- SqFt
- List Price
- $3,900,000
- MLS#
- 21984523
- Property Type
- Commercial Sale
- Sqft. of Residence
- 43,000
- Year Built
- 1973
- Days on Market
- 860
- Status
- ACTIVE
Property Description
FANTASTIC INVESTMENT PROPERTY!! 40,000 sq ft building on 5 .5 acres close to downtown Indianapolis. Owner recently sold business. New business owner is a manufacturing company, financially strong and has a 5 year lease on entire property with a 5 year extension option. Base rent is $20,833/month with a 3% increase each year. Tenant is responsible for insurance. Landlord is responsible for roof and taxes. Property has been meticulously maintained and is completely fenced with chainlink fence. Over 1200 sq ft of office space with seperate bathrooms, heated and cooled. Site was orginally used as industial dry-cleaning facility from 1960s until 2003. Property was classified as a "Brownfield Site" and maintains a Sub-Slab Depressurization system. On July 24, 2020 IDEM indicated all corrective action complete. See attached documents. Listing agent will answer questions and arrange viewing.
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Additional Information
- Acres
- 5.50
- Heat
- Natural Gas, Other
- Cooling
- None
- Financing
- Cash Only
- Region
- Center
Listing courtesy of Randall Reichmann. United Real Estate Indpls
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Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID. 
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.