For Lease
$8.50/SF/YR

2424 55Th St Indianapolis, IN 46220

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

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
137
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

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FAQs

What type of property is this?
Office property - 22,804 SF Office, I-1 Zoning, 94 Parking Spaces
Where is the office property located?
The property is located at 2424 55Th St Indianapolis, IN.
What is the lease rate?
The lease rate is $8.50/SF/YR.
What are key features of this property?
This property features: 22,804 SF office/flex building.; I-1 Light Industrial zoning.; Currently 100% office space with one drive-in; potential for conversion.
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 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.
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Contacts

Brian Dell
Brian Dell
Visit Broker Website

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Useful Information

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55Th St
Indianapolis, IN 46220

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55Th St
Indianapolis, IN 46220

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

2424 55Th St
  • Brian Dell
    Brian Dell
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