1132 16Th StIndianapolis, IN 46202

Property Details for 1132 16Th St

Year built

1980

Construction

WOOD

Lot size

0.09 AC

Property size (Sq ft)

1,536 SF

Property type

Other commercial real estate

APN

49-07-31-213-359.000-101

APU

490731213359000101

Description

This exceptional 11.299-acre lot in Marion County presents a unique redevelopment opportunity. The property features a 1,536 square foot freestanding former automotive building shell situated in the vibrant Monon 16 district, just one block east of the popular Monon Trail. This prime location offers high visibility and accessibility, benefiting from its proximity to the recently completed $20 million Monon Lofts development and the bustling Mass Ave/Bottleworks district. The property is zoned C5, allowing for a wide range of uses, including restaurant, retail, automotive services, or even residential redevelopment. The current building shell provides a solid foundation for a qualified operator seeking a build-to-suit project. Owners are open to collaborating with suitable candidates on a long-term credit lease, with the potential to expand the retail space up to 3,000 square feet. This is an unparalleled chance to capitalize on the thriving growth and high demand in this sought-after area. The expansive lot size offers significant flexibility for future development plans. Don't miss this exceptional opportunity to establish a presence in one of Indianapolis's most dynamic and desirable neighborhoods.

• Alternative Use

  Use

  Valuation

  Residential

  $228,498

  Hospitality

  $209,303

  Educational

  $174,138

  Medical

  $180,126

  Retail

  $270,881

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.7887

Longitude

-86.1384

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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