317-814-2111
365 N Illinois St, Indianapolis, IN for Sale
Retail - FOR SALE
1/17
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365 N Illinois St
Indianapolis, IN 46204
North Meridian


HIGHLIGHTS

  • Unfinished third floor with exposed brick, industrial beams, open ceiling and roof top space. Perfect for apartment/condo, event center,restaurant/bar
  • New roof installed in 2023
  • CBD-3 zoning (Central Business District)
  • Adjacent parking garage and street parking

OVERVIEW

This 19,840sf building has three floors including a full basement situated on .12 acres. Build in 1880 with tons of charm and character. This property currently has 2 tenants occupying the building. El Toro Mexican Restaurant on the first floor and WIP Downtown Hair Salon on the second. The building would ideal for an owner user or investment property with ton of value add opportunity , +/-1400sf available on the second floor and +/-4950sf on the 3rd floor. Unfinished third floor has lots of potential with the exposed brick and industrial beams and a fabulous view of the city. Perfect for apartments/ condos, event space or restaurant/bar with possible roof top space. Zoned CBD-3. Adjacent parking garage and street parking available. Convenient access to I-65 and I-70 Building has two long term income producing tenants. Please contact broker for rent roll. Leases are NNN . Landlord is currently paying taxes and insurance.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Historical Building For Sale

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1880

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

CBD-3

APN/PARCEL ID

49-11-02-251-020.000-101

ASK ABOUT THIS PROPERTY

Jodi MiltoC21 CommercialMore Info
317-814-2111

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Jodi MiltoC21 CommercialMore Info
317-814-2111

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