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1201 W 16th St
Indianapolis, IN 46202

Industrial Property For Sale

PROPERTY FACTS

Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 1.39 AC
Rentable Building Area 22,452 SF
No. Stories 1
Year Built 1947
Parking Ratio 1.56/1,000 SF
Clear Ceiling Height 25 FT
No. Drive In / Grade-Level Doors 6

Amenities

  • Floor Drains
  • Mezzanine
  • Signage
  • Storage Space
  • Monument Signage

Utilities

  • Lighting - Metal Halide
  • Gas - Natural
  • Water - City
  • Sewer - City

About 1201 W 16th St , Indianapolis, IN 46202

Located in a high traffic corridor of the near west side of Indianapolis, and just outside of the 16 Tech Innovation District. This property has great potential for many applications as this area is ever growing and expanding. It is also located just three miles east of the Indianapolis Motor Speedway, which attracts thousands of visitors to the city of Indianapolis annually. The property contains 3 separate and distinct parcels, however, the two warehouses are only separated by a drywall divider wall that can be removed to open up more space. There are currently 2 large unobstructed warehouses w/ mezzanines in each warehouse. Features of the property include: +/- 22,500 Total Square Footage +/- 3,200 ft. sq. Office Space +/- 11,500 ft. sq. Warehouse on east side +/- 3,500 ft. sq. Warehouse on west side +/- 2,000 ft. sq. Mezzanine in east warehouse +/- 2,300 ft. sq. Mezzanine in west warehouse An over-sized billboard on top of the west-side warehouse that can be utilized by the owner to convey a message to the drivers heading east on 16th Street 6 high-bay electric drive-in overhead doors (15 ft) Barrel roofs over majority of both warehouses; Flat roofs over mezzanines Two flat roofs replaced (2018 & 2019) Parking lot on three sides of the building that could accommodate 30+ vehicles Concrete floors & exposed brick masonry throughout most of the building Overhead radiant heaters in the west side warehouse (natural gas powered) High Bay HID lighting overhead along with an abundance of natural light that fills the space Glass block window sections add an abundance of natural light Underground tanks removed & soil tested in 1990 with documentation of both Phase 1 Inspection completed on the property in 2016 with documentation

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
49-06-34-119-016.000-101
Land Assessment
$137,700
Improvements Assessment
$262,200
Total Assessment
$399,900

zoning

Zoning Code I-2 & C-7 (Light Industrial District and High-Intensity Commercial District)
I-2 & C-7 (Light Industrial District and High-Intensity Commercial District)
  • Listing ID: 16822572

  • Date on Market: 8/5/2019

  • Last Updated:

  • Address: 1201 W 16th St, Indianapolis, IN 46202

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