FOR SALE - INDUSTRIAL BUILDING JUST MINUTES FROM DOWNTOWN INDIANAPOLIS - On Deloss Street. Building has Drive-in doors, Heavy 3 Phase Power and comes with 3 vacant adjacent lots (1534, 1530, 1526) and lot 1522 with a Cell Tower & Lease in Place. Located on a street that is in transition & in adesirable re-gentrication area. The Seller purchased this Company & with the Real Estate back in 2016. He turned the company around and then sold the company to the current Tenant…..and then, leased the building back to tenant’s company at the “then” Market Rate. The market has changed upwards since & area market rents have increased. The Tenant has until early 1/31/2027 when its lease expires, but has the right to renew for one additional year to early 1/31/ 2028 - at the still below market rate. This option must be exercised 60 days prior to Lease Expiration of 1/31/2027 (EOD 12/2/26 by my math). Monthly rent (exclusive of real estate taxes and insurance) is $4,250 through January 2026. Then $4,500 through 1/31/2027. If the extension option is exercised, monthly rent goes to $5,000 through 1/31/2028. Real estate Taxes are paid by then Tenant in addition to the Rent. The Tenant carries insurance. The Cell Tower pays an annual payment on August 1st. In 2025 the amount due is $9,254. Next year (2026) it goes up 15% (as it does every 5 years) to $10,642. In 2031 it goes to $12,238, and in 2036 it goes to $14,074, and so on. Basically it stairsteps up 15% every 5 years through the current maturity of 2071.  The Total Ask Price is $999,500.00 includes the 4 additional lots (one which has a Leased Cell tower on it). Seller will sell the building without the 4 lots/Cell tower for a lesser price. This area is changing. The adjacent large 20 acre re-development site (to the north of the subject property) that will change the area and landscape drastically. Call: Ted McClure (317) 457-0577 Call: Ted McClure (317)-457-0577