317-440-3337
1150 S White River Pky W Dr, Indianapolis, IN for Sale
Flex - FOR SALE
1/7
null | Request Cap Rate

1150 S White River Pky W Dr
Indianapolis, IN 46221
West Indianapolis


OVERVIEW

**1150 S White River Pkwy is a two-story flex building. The lower level is leased to City Slickers Body and the first floor is being renovated into thirteen (13) art studio suites, projected to be 100% leased by 1/1/26. Allies Commercial Realty has been exclusively retained to market for sale the Riva Campo Portfolio, a rare five-parcel industrial and flex property package totaling 78,543 SF across 3.33 acres in Indianapolis. With C-7 zoning and a strategic location near Lucas Oil Stadium, Lilly Technology Center, and the White River, this portfolio offers significant upside for investors seeking value-add opportunities in a rapidly developing submarket. The portfolio consists of five properties featuring diverse building sizes and uses, including industrial, flex, and parking. Combined, the sites offer multiple dock and drive-in loading options, clear heights ranging from 11’–20’, and strong accessibility from both Morris Street and Kentucky Avenue. Currently, the portfolio is 75% occupied allowing for a compelling value-add opportunity for investors seeking to enhance returns through lease-up, repositioning, or redevelopment. Positioned within minutes of downtown Indianapolis and surrounded by high-profile developments such as Eleven Park, Back 9 Golf, and the Elanco Global HQ, this portfolio is uniquely situated for both passive investment and redevelopment strategies. With year-to-year leases currently in place, investors have the flexibility to reposition the properties to meet market demand and maximize returns.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

UTILITIES

Lighting, Gas, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

11 Ft

DOCKS

2

DRIVE INS

3

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.32

LAND SF

13,939

ZONING

C-7

APN/PARCEL ID

49-11-11-181-012.000-101

ASK ABOUT THIS PROPERTY

Mitchell AyersAllies Commercial RealtyMore Info
317-440-3337

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Mitchell AyersAllies Commercial RealtyMore Info
317-440-3337

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.