6845 Massachusetts AveIndianapolis, IN 46226

For Sale
$1,649,000

Indianapolis investment opportunity: 15,100 SF, high visibility.

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional 15,100-square-foot commercial property, located at 6845 Massachusetts Avenue in Indianapolis, Indiana, presents a compelling owner-user opportunity. The building, constructed in 1996, boasts a versatile design suitable for retail, office, or light industrial uses, reflecting its C-4 and C-5 zoning. The property features a spacious layout with a 14-foot clear ceiling height and ample parking for 115 vehicles, providing a 7.7:1,000 square foot ratio. Significant recent upgrades include a new 1,600-amp, three-phase electrical system and two recently installed 7.5-ton HVAC systems. The former Aldi grocery store layout includes existing refrigerators and coolers. The 4.188-acre lot offers excellent visibility due to its location near the busy 38th Street/Pendleton Pike intersection, just one mile from I-465 and two miles from I-70. A large backlit pylon sign enhances visibility. The property benefits from its proximity to numerous amenities and established businesses, including EquipmentShare, Hindel Bowling Lanes, U-Haul, Advanced Auto Parts, and CVS. Further enhancing its appeal is a convenient IndyGo bus stop at the corner and the planned Purple Line improvements along 38th Street. A Hydroponic Farm variance is also in place under the C-5 zoning. The asking price for this turnkey property is $1,649,000.

Highlights

  • Former Aldi grocery store, offering existing refrigeration and cooler units.
  • Upgraded 1,600-amp, three-phase electrical system.
  • Two recently installed 7.5-ton HVAC systems.
  • 14-foot clear ceiling height.
  • 115 parking spaces (7.7:1,000 sq ft ratio).
  • Large backlit pylon sign.

Property Details for 6845 Massachusetts Ave

Property type
Other warehouses, Other retail properties
Square Feet
15,100 SF
Year Built
1996
Lot Size (sq. ft)
182,429 SF

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.8243904
Longitude
-86.0501817
6845 Massachusetts Ave, Indianapolis, Indiana

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6845 Massachusetts Ave
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