For Sale
$549,900

6455 Massachusetts Ave Indianapolis, IN 46226

High-yield multi-tenant industrial property

Overview

Added:
Feb 3
Days on market:
84
This exceptional 9,054 square foot industrial property, situated on a spacious 1.41-acre lot in Indianapolis, IN, presents a compelling investment opportunity. The property boasts a prime I-2 zoning designation and features a fenced storage lot, providing ample space and flexibility for various tenants. The main building comprises 5,556 square feet of office space, divided into four individual suites, currently generating $3,000 per month in rental income from three occupied suites. Adding to the income potential are a 2,240 square foot pole barn and a 1,258 square foot house, both recently vacated, offering a potential rental income of $3,500 per month. The combined potential rental income for the entire property ranges from $6,500 to $7,500 per month. The property's large lot provides plentiful parking, enhancing its appeal to potential tenants. This multi-tenant investment property offers a strong return on investment with significant upside potential through full occupancy and lease rate adjustments. The strategic location in Indianapolis, combined with its versatile layout and substantial acreage, makes this an attractive opportunity for discerning investors seeking a high-yield industrial asset. The property is located at 6455 Massachusetts Avenue, Indianapolis, IN.

Property Details for 6455 Massachusetts Ave

Property type
Industrial properties
Square Feet
9,054 SF
Year Built
1955
Lot Size (sq. ft)
61,420 SF

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.8209
Longitude
-86.05746

FAQs

What type of property is this?
Industrial property - High-yield multi-tenant industrial property
Where is the industrial property located?
The property is located at 6455 Massachusetts Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $549,900.
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6455 Massachusetts Ave
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