For Sale
$495,000

1132 16Th StIndianapolis, IN 46202

1,536 SF Restaurant, Monon 16 District

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 1,536-square-foot vacant restaurant space, located at 1132 E. 16th Street in Indianapolis, Indiana, presents a unique redevelopment opportunity. Situated on a sizable 11,299-square-foot lot (approximately 1/4 acre) in the vibrant Monon 16 district, this property benefits from its proximity to the Monon Trail and the recently completed $20 million Monon Lofts development. The property is zoned C5, offering flexibility for various uses including restaurant, retail, automotive, or residential redevelopment. Its location on a "transportationally significant thoroughfare," as designated by the Indianapolis Department of Metropolitan Development (DMD), allows for less stringent parking requirements. Adding to its potential, an adjacent 1,836-square-foot parcel is available for purchase, creating the possibility of expanding the footprint to up to 3,000 square feet. The current owner is open to build-to-suit options for qualified operators and projects, offering long-term lease opportunities with build-to-suit credit. The property's APN is 49-07-31-213-359.000-101. This is a rare chance to acquire a prime piece of real estate in a rapidly growing area of Indianapolis. The asking price is $495,000.

Highlights

  • 1,536-square-foot vacant restaurant space in Indianapolis' Monon 16 district.
  • Located on a 11,299-square-foot lot (approx. 1/4 acre) near the Monon Trail and Monon Lofts.
  • C5 zoning allows for flexible uses including restaurant, retail, automotive, or residential.
  • Transportationally significant location offers reduced parking requirements.
  • Adjacent 1,836-square-foot parcel available for purchase, allowing expansion to 3,000 square feet.
  • Owner offers build-to-suit options with long-term lease opportunities and build-to-suit credit.

Property Details for 1132 16Th St

Property type
Retail properties, Restaurants
Square Feet
1,536 SF
Lot Size (sq. ft)
492,184,440 SF

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.788495248199
Longitude
-86.138480897212
1132 16Th St, Indianapolis, Indiana

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1132 16Th St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message