2045 Minnesota StIndianapolis, IN 46203

Property Details for 2045 Minnesota St

Year built

1960

Property size (Sq ft)

7,650 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

This exceptional investment opportunity presents a 7,650 square foot multi-tenant industrial building located at 2045 E Minnesota St, Indianapolis, IN 46203. The property, situated on a 15,600 square foot lot (APN: 49-10-18-157-131.000-101), boasts a strong 9.15% cap rate (9.65% pro-forma) and a substantial net operating income (NOI) of $91,025 ($96,015 pro-forma). Currently 100% occupied by two automotive tenants under modified gross leases expiring July 31, 2027 (2.7 years remaining), this stabilized investment offers immediate cash flow. The single-story, 1960-built structure underwent renovations in 2024, featuring a flexible layout divided into three units with ceiling heights ranging from 9 to 14 feet. The C5 zoning allows for diverse uses, including contractor storage, automotive sales/repair, warehousing, and wholesale businesses. The property includes eight drive-in bays and a secure fenced area, making it an ideal investment for both passive income seekers and owner-users. The building is conveniently located less than a mile from I-65, providing easy access to major transportation routes. This is a rare opportunity to acquire a high-performing industrial asset in a desirable location with significant upside potential.

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.7449

Longitude

-86.1244

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].