2121 Hillside Avenue Indianapolis, IN 46218
Industrial
MLS #: 21984523
Courtesy Of SGA Enterprises, Inc
Property InformationDescription
FANTASTIC INVESTMENT PROPERTY!! 40,000 sq ft building on 5 .5 acres close to downtown Indianapolis. Owner recently sold business. New business owner is a manufacturing company, financially strong and has a 5 year lease on entire property with a 5 year extension option. Base rent is $20,833/month with a 3% increase each year. Tenant is responsible for insurance. Landlord is responsible for roof and taxes. Property has been meticulously maintained and is completely fenced with chainlink fence. Over 1200 sq ft of office space with seperate bathrooms, heated and cooled. Site was orginally used as industial dry-cleaning facility from 1960s until 2003. Property was classified as a "Brownfield Site" and maintains a Sub-Slab Depressurization system. On July 24, 2020 IDEM indicated all corrective action complete. See attached documents. Listing agent will answer questions and arrange viewing.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Heating System: Natural Gas
- Legal Description: A E I Fletchers Oak Hill L66 Thru L69 Ex Tri Tr Nwcor 174Ft Wl X 270Ft Nl
- MLSID: 21984523
- Roof Type: Rubber
MAP & DIRECTIONS
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