This exceptional industrial warehouse at 1413 E. Naomi Street in Marion County offers a unique opportunity for multiple tenants. The building, constructed in 1904 and extensively renovated in 2017, boasts a total of 46,552 square feet across three stories. Individual spaces range from a minimum of 4,000 square feet to a maximum contiguous space of 7,500 square feet, making it suitable for a variety of businesses. The property sits on a 0.4-acre lot with 145 feet of frontage. Building features include 11-foot ceilings, two freight elevators, and one drive-in door. The I-3 zoning allows for a range of industrial uses. The building's convenient location is halfway between Fountain Square and the Big Car arts area, near Garfield Park. The second floor, currently available, offers 15,108 square feet of space with abundant natural light from windows on all four sides. A full-service lease includes utilities, taxes, CAM, and insurance. On-site management is provided. The first and third floors are currently occupied by established businesses. Four stairwells and a common loading area at the rear of the first floor provide convenient access. The property's APN is 1045411.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$6,920,948
Hospitality
$6,339,552
Educational
$5,274,432
Medical
$5,455,828
Retail
$8,204,673
Location Insight
City
Indianapolis
County
Marion
State
Indiana
Latitude
39.7423
Longitude
-86.135
CBSA code
26900
CBSA name
INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
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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.
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