For Lease
$18/SF/YR

952 Delaware StIndianapolis, IN 46202

8,000 SF, Fully Vacant, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
124
This exceptional 8,000-square-foot retail property, located at 952 N Delaware Street in Indianapolis, Indiana, presents a unique investment opportunity. Built in 1959 and extensively renovated in 2021, this single-story concrete block building (40' x 100') boasts a showroom-like interior with ample natural light from south and east-facing entry doors and windows. The property features 12 parking spaces and is situated on a 0.26-acre lot. A significant advantage is the inclusion of an 8-foot overhead loading door with direct access to a conveyor belt, leading to an additional 4,000 square feet of lower-level storage space. Currently fully vacant, this space offers flexibility for multiple tenants. The property is zoned CBD-2 (RC) within Marion County and benefits from its location on the northern edge of downtown Indianapolis, at the northwest corner of N. Delaware and E. St. Joseph Streets. Its proximity to the St. Joseph Historic Neighborhood, other commercial businesses, and the Mass Ave Corridor makes it highly desirable. This is a rare chance to acquire a well-maintained, versatile retail space in a thriving Indianapolis location.

Highlights

  • 8,000 SF retail building on a 0.26-acre lot at 952 N Delaware St, Indianapolis, IN.
  • 10' acoustical tile drop ceiling on the first floor; exposed lower level.
  • Fluorescent tube and LED lighting.
  • Located near the St. Joseph Historic District.
  • Triple Net lease; $18/SF net rent ($6,000/month).
  • Estimated 2022/23 operating expenses: $3/SF ($1,000/month).

Property Details for 952 Delaware St

Property type
Retail properties
RSF (Rentable sq. ft)
8,000 SF
Year Built/Renovated
1959/2021

Unit(s) available at that property

Space
Lower Level
Size
4,000 SF
Rate per SF
$18
Space
First Floor
Size
4,000 SF
Rate per SF
$18

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.7803134
Longitude
-86.1542969
952 Delaware St, Indianapolis, Indiana

FAQs

What type of property is this?
Retail property - 8,000 SF, Fully Vacant, Prime Location
Where is the retail property located?
The property is located at 952 Delaware St Indianapolis, IN.
What is the lease rate?
The lease rate is $18/SF/YR.
What are key features of this property?
This property features: 8,000 SF retail building on a 0.26-acre lot at 952 N Delaware St, Indianapolis, IN.; 10' acoustical tile drop ceiling on the first floor; exposed lower level.; Fluorescent tube and LED lighting.
How can I contact the broker?
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952 Delaware St
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