5315 Minnesota StIndianapolis, IN 46241

Property Details for 5315 Minnesota St

Year built

1979

Construction

TYPE NOT SPECIFIED

Lot size

3.18 AC

Property size (Sq ft)

35,352 SF

Property type

Warehouses

APN

49-12-13-116-003.000-900

APU

491213116003000900

Description

This exceptional warehouse space, part of the Park Fletcher Building 16, offers 2,800 square feet of versatile industrial space within a larger 35,200 square foot building. The unit boasts a 14-foot clear ceiling height, ideal for various storage and operational needs. Convenient drive-in loading ensures efficient handling of goods. The property is zoned I-2-S, allowing for a range of industrial uses. Exterior painting was recently completed in 2024, enhancing the building's curb appeal and functionality. Located in the desirable Park Fletcher Business Park, this property benefits from easy access to major transportation arteries, including Interstates 465 and 70. This prime location offers close proximity to downtown Indianapolis and the Indianapolis International Airport, providing excellent logistical advantages for businesses requiring convenient access to transportation hubs and the city center. The building's strategic location within the Park Fletcher Business Park provides a strong foundation for business growth and operational efficiency. This is a rare opportunity to secure a well-maintained, strategically located warehouse space in a thriving industrial area. The available space is part of a larger building, offering potential for expansion or collaboration opportunities.

• CAP approach

  CAP return

  Valuation

  6%

  $11,016,500

  6.5%

  $10,169,000

  7%

  $9,442,690

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,303,360

  Geo Method

  $5,303,360

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $5,071,600

  Mixed-Use / Specialty

  $4,940,800

  Hospitality / Lodging

  $3,478,160

  Office

  $4,794,050

  Institutional / Educational

  $5,096,160

  Residential Income

  $5,962,510

  Multifamily

  $7,775,980

  Automotive / Energy

  $4,368,140

  Parking / Income-Based Land

  $1,618,750

  Restaurant / Food Service

  $2,329,190

  Healthcare / Senior Housing

  $5,182,290

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.7427

Longitude

-86.2518

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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