
Improved Commercial Land for Sale in Indianapolis, Indiana
2121 Hillside Ave, Indianapolis, IN 46218
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.
Location
- Street address
- 2121 Hillside Ave
- County
- Marion County
- Community
- Marion - Center
- School district
- Indianapolis Public Schools
- Elevation
- 732 feet
Property details
- Acreage
- 5.5 acres
- Zoning
- I3
- MLS #
- MIBOR 21984523
- Posted
Parcels
- 490731188243000101
Legal description
A E I Fletchers Oak Hill L66 Thru L69 Ex Tri Tr Nwcor 174Ft Wl X 270Ft Nl
Details and features
Listing
- Type
- Commercial Sale
- Subtype
- Industrial
- Franchise
- United Real Estate
Exterior
- Parking
- Garage
- Fencing
- Fenced
- Features
- Fencing
Structure
- Heating
- Natural Gas
- Roof
- Rubber
Property utilities
| Category | Type | Status | Description |
|---|---|---|---|
| Gas | Natural Gas | Connected | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Aug 12, 2025 | New listing | $3,900,000 | — | MIBOR |