For Sale
$1,450,000

2424 55Th StIndianapolis, IN 46220

22,804 SF Flex Building, I-1 Zoning

Overview

Added:
Dec 11, 2024
Days on market:
118
This 22,804-square-foot flex building, located at 2424 E 55th St in Indianapolis, Indiana, presents a compelling investment opportunity. Built in 1956 and renovated in 2011, the single-story structure sits on a 1.56-acre lot and is zoned I-1 for light industrial use. Currently configured as 100% office space with one drive-in bay, the property offers significant potential for conversion to accommodate a variety of industrial or flex uses. The building boasts a 11-foot ceiling height, ample parking with 94 spaces, and a substantial 275KW natural gas generator ensuring reliable power. Electrical service includes 3-phase, 208V, 800 amp power. Its convenient location offers proximity to the amenities of Broad Ripple Village and Glendale, within approximately a 5-minute drive. The asking price is $1,450,000, translating to $63.59 per square foot. This property is offered as a Net Net Net (NNN) lease. The property is an excellent owner-occupant opportunity.

Highlights

  • $1,450,000 asking price for this 22,804 square foot industrial flex building.
  • Located at 2424 E 55th St, Indianapolis, IN 46220, on a 1.56-acre lot.
  • Features 11-foot ceilings, one story, and I-1 zoning.
  • Building includes 94 parking spaces, a 275KW natural gas generator, and 3-phase, 208V, 800 amp power.
  • Currently 100% office space with one drive-in, offering conversion potential.
  • Renovated in 2011, including a new roof.

Property Details for 2424 55Th St

Property type
Industrial properties, Flex space
Square Feet
22,804 SF
Year Built/Renovated
1956/2011
Buildings
1
Stories
1
Lot Size (sq. ft)
67,954 SF

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.8530033
Longitude
-86.1210017
2424 55Th St, Indianapolis, Indiana

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2424 55Th St
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