6845 Massachusetts Ave
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6845 Massachusetts Ave
15,100 SF Retail Building Indianapolis, IN 46226 $1,649,000 ($109/SF)
Investment Highlights
- Former Aldi Grocery Store
- (2) 7.5-ton HVAC systems only about 1 year old
- Refrigerators and coolers in still in place
- Upgraded, 3-phase, 1,600 Amp electrical system
- 14' clear height to deck
- 115 parking spaces (7.7:1,000 SF)
Executive Summary
Excellent owner-user opportunity on the east side of Indianapolis that allows for many retail, office or light industrial uses. The property has two points of ingress/egress and great visibility near the highly trafficked 38th St/Pendleton Pike intersection, only 1 mile from the I-465 interchange and 2 miels from the I-70 interchange. Surrounded by numerous amenities and established businesses such as EquipmentShare, Hindel Bowling Lanes, U-Haul, Advanced Auto Parts and CVS.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
15,100 SF
Building Class
C
Year Built
1996
Price
$1,649,000
Price Per SF
$109
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.08
Land Acres
4.19 AC
Zoning
C5 - C-5 with single-use variance for I-3: Hydroponic Farm
Data Center
Parking
115 Spaces (7.62 Spaces per 1,000 SF Leased)
Frontage
387 FT on Massachusetts Ave
Amenities
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 49-07-23-122-002.000-700 | Improvements Assessment | $849,400 (2023) |
| Land Assessment | $299,600 (2023) | Total Assessment | $1,149,000 (2023) |
PROPERTY TAXES
Parcel Number
49-07-23-122-002.000-700
Land Assessment
$299,600 (2023)
Improvements Assessment
$849,400 (2023)
Total Assessment
$1,149,000 (2023)
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Phillip Cosmas -
Thomas Osborne, SIOR -
Bradley Company
1 of 6
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6845 Massachusetts Ave
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