1150 S White River Pky W Dr - Flex FOR SALE


Indianapolis, IN 46221- West Indianapolis
$900,000 USD
317-440-3337
1150 S White River Pky W Dr, Indianapolis, IN for Sale
$900,000 USD
Flex - FOR SALE
1/7
null | 8.97% 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

$900,000 USD

PRICE/SF

$169 USD /SF

CAP RATE

8.97%

% 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.