1425 Ray StIndianapolis, IN 46221

  • Industrial properties
  • 734 SF
For Lease
$9.94/SF/YR View listing

Property Details for 1425 Ray St

Year built
1938
Construction
TYPE NOT SPECIFIED
Lot size
0.94 AC
Property size (Sq ft)
734 SF
Zone code
ZO01
Property type
Industrial properties
Property subtype
Other industrial properties
APN
49-11-10-133-029.000-101
APU
491110133029000101

Description

This exceptional 966-square-foot office space is available for lease at a gross monthly rate of $1,000. Located in Indianapolis, Indiana, at 1425 W Ray St, zip code 46221, this single-tenant property offers a convenient and strategic location. Its proximity to downtown Indianapolis ensures easy access to the city's amenities and business districts. The property benefits from its adjacency to I-70 and its close proximity to I-465 (only 4 miles away), providing excellent interstate connectivity for seamless commutes and transportation of goods and services. The building itself comprises a main office area and two additional private offices, providing ample space for a variety of business needs. A valuable addition is the inclusion of a garage, offering secure parking and storage. This traditional office space presents a compelling opportunity for businesses seeking a well-located, functional, and conveniently sized office in a thriving urban setting. The property is ready for immediate occupancy.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $109,042
    Hospitality
    $99,882
    Educational
    $83,101
    Medical
    $85,959
    Retail
    $129,268
1425 Ray St, Indianapolis, Indiana

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.7543
Longitude
-86.1861
CBSA code
26900
CBSA name
INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,993
$141,500
$38,500
$180,000
-
$141,500
$38,500
$180,000

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