1644 Edgewood AveIndianapolis, IN 46217

Property Details for 1644 Edgewood Ave

Year built

1977

Construction

METAL FRAME

Lot size

5.10 AC

Property size (Sq ft)

18,970 SF

Zone code

ZO01

Property type

Parking lots & garages

APN

49-14-03-113-002.000-500

APU

491403113002000500

Description

This ±1.5-acre industrial property at 1644 W Edgewood Ave in Marion County offers a unique blend of flex space and extensive truck and trailer parking capabilities. The single-story building, zoned I-3, features approximately 6,200 square feet of office space, complete with showers and break areas for driver convenience. The property boasts twelve electrical hookups for added functionality. The lot itself is fully paved, fenced, and well-lit, ensuring security and ease of access. A significant portion of the existing office space could be readily converted back into up to two maintenance bays, providing flexibility for a variety of potential uses. Its prime location on Indy's south side offers quick access to major thoroughfares, I-465 and I-69, providing excellent logistical advantages. Abundant employee parking is also available. This locally owned and managed property presents a compelling opportunity for businesses requiring a combination of office space, secure parking, and convenient access to Indianapolis's transportation network. The property's existing infrastructure and zoning make it an ideal candidate for a range of industrial and logistical operations.

• CAP approach

  CAP return

  Valuation

  6%

  $3,614,785

  6.5%

  $3,336,724

  7%

  $3,098,387

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,482,221

  Geo Method

  $4,482,221

• Alternative Use

  Use

  Valuation

  Residential

  $2,814,652

  Hospitality

  $2,578,206

  Educational

  $2,145,037

  Medical

  $2,218,808

  Retail

  $3,336,724

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.6793

Longitude

-86.19

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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