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.
| Status | Active |
| Price | $3,900,000 |
| Property Type | Industrial |
| Property Size | 43,000 Sqft |
| Lot Size | 5.50 Acres |
| Courtesy of United Real Estate Indpls, Randall Reichmann | |
| Provided By | MIBOR |
| Last checked on MIBOR | 3/31/2026 10:00:05 PM |
| Last Update from MIBOR | Apr 1 2026 2:03AM |
| Tax Amount | 10982 |
| Tax Year | 2023 |
| Year built | 1973 |
| Address | 2121 Hillside Avenue |
| City | Indianapolis |
| State | Indiana |
| County | Marion |
| Postal Code | 46218 |
Based on information submitted to the MLS GRID as of Tuesday, March 31, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
This content last updated on Tuesday, March 31, 2026 10:00 PM from MIBOR
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