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Improved Commercial Land for Sale in Indianapolis, Indiana

2121 Hillside Ave, Indianapolis, IN 46218

$3,900,000
5.5 acres
Active
Est $21,612/mo

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.

43,000
Sq feet
1973
Built

Location

Street address
2121 Hillside Ave
Community
Marion - Center
School district
Indianapolis Public Schools
Elevation
732 feet
Coordinates
39.7962, -86.1271

Property details

Acreage
5.5 acres
Zoning
I3
MLS #
MIBOR 21984523
Posted

Parcels

  • 490731188243000101

Legal description

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

CategoryTypeStatusDescription
GasNatural GasConnected

Listing history

DateEventPriceChangeSource
Aug 12, 2025New listing$3,900,000MIBOR
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This 5.5-acre property is located at 2121 Hillside Ave in Indianapolis, IN 46218. The property is available for sale for $3,900,000. It has a 43,000 sq ft structure built in 1973.

Checked 23 mins ago — Updated

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