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Minnesota Street Warehouse 2043 Minnesota st

7,650 SF 100% Leased Light Industrial Building Indianapolis, IN 46203 £778,538 (£102/SF) 9.01% Net Initial Yield

Investment Highlights

  • 100% Leased
  • C5 Zoning
  • 9'-14' Clear Height
  • 9.15% In Place Cap Rate
  • Eight (8) Drive Ins
  • Modified Gross Leases

Executive Summary

Multitenant warehouse/automotive building for sale located south of Fountain Square near downtown Indy. Less than one mile from I65. The building is demised into three spaces and currently 100% occupied into 2027 by two automotive users. C5 zoning supports variety of uses including Contractor Storage, Automotive Sales/Repair, Storage, Warehousing, Wholesale Businesses, etc. Ideal for an investor or owner-user to hold for cashflow with future use of the space.

Property Facts

Price £778,538
Price Per SF £102
Sale Type Investment or Owner User
Net Initial Yield 9.01%
Property Type
Light Industrial
  • Light Industrial Showroom
  • General Retail Auto Repair
  • Industrial Warehouse
Lot Size 0.36 AC
Rentable Building Area 7,650 SF
Number of Floors 1
Year Built/Renovated 1960/2024
Level Access Doors 8

Utilities

  • Lighting
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
49-10-18-157-131.000-101
Land Assessment
£13,458
Improvements Assessment
£46,712
Total Assessment
£60,170

zoning

Zoning Code C5
C5
  • Listing ID: 33858575

  • Date on Market: 13/11/2024

  • Last Updated:

  • Address: 2043 Minnesota st, Indianapolis, IN 46203

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