For Lease
$8.50/SF/YR

2424 55Th StIndianapolis, IN 46220

22,804 SF Office, I-1 Zoning, 94 Parking Spaces

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 22,804-square-foot office/flex building presents a unique investment opportunity. Situated on 1.52 acres and boasting a prime location near Keystone Ave, this single-tenant property offers unparalleled convenience. The building, constructed in 1956 and extensively renovated in 2011, features a single story with 11-foot ceilings, providing ample space for a variety of uses. Currently configured as 100% office space, the I-1 zoning allows for flexibility, potentially accommodating a conversion to accommodate industrial needs. The property includes a significant advantage with 94 parking spaces and one convenient drive-in bay. Power is robust, featuring 3-phase, 208V, 800 amp service, further enhanced by a 275KW natural gas generator ensuring reliable operation. The building's proximity to Broad Ripple Village and Glendale amenities provides employees with easy access to a variety of dining, shopping, and entertainment options. This property is ideal for an owner-occupant seeking a substantial and versatile space, or an investor looking for a strong return. The new roof (installed in 2011) adds to the property's value and reduces maintenance concerns. This is a rare opportunity to acquire a well-maintained, strategically located commercial property with significant upside potential.

Highlights

  • 22,804 SF office/flex building.
  • I-1 Light Industrial zoning.
  • Currently 100% office space with one drive-in; potential for conversion.
  • 94 parking spaces.
  • Excellent location, approximately 5 minutes from Broad Ripple Village and Glendale amenities.
  • Ideal owner-occupant opportunity.

Property Details for 2424 55Th St

Property type
Office properties, Office space
RSF (Rentable sq. ft)
22,804 SF
Class
B
Year Built/Renovated
1956/2011
Buildings
1
Stories
1

Unit(s) available at that property

Space
Size
22,804 SF
Rate per SF
$8.50

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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