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141 N Shortridge RD Indianapolis, IN 46219
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Key Details
Sold Price $950,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 12,800 sqft
Price per Sqft $74
MLS Listing ID 22000001
Sold Date 07/31/25
Year Built 1974
Tax Year 2023
Lot Size 1.600 Acres
Acres 1.6
Property Sub-Type Office
Property Description
This turnkey commercial property-features two buildings with 10 offices and 10 half-baths on a 1.6-acre lot, just 0.4 miles from I-465. Recent upgrades include brand-new AC units worth $55K, two new furnaces (2023), and suite renovations totaling $100K. A couple of suites have plumbing in place for dental offices, making this an excellent opportunity for dental practitioners or related businesses. Additionally, two offices are ready to rent out, enhancing income potential. Building 141 features a stair lift for enhanced accessibility. The expansive lot offers room for additional development within permitted uses. Once fully leased, this investment is projected to generate an 7%+ CAP. Offering Memorandum available in the Documents section.
Location
State IN
County Marion
Zoning C1
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected, Natural Gas Available
Roof Type Asphalt
Building
Story 2
New Construction false
Schools
School District Msd Warren Township
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