501 N Shortridge Rd - Health Club FOR SALE


Indianapolis, IN 46219- East Gate
$3,250,000 USD
317-454-7171
501 N Shortridge Rd, Indianapolis, IN for Sale
$3,250,000 USD
Health Club - FOR SALE
1/14
null | Request Cap Rate

501 N Shortridge Rd
Indianapolis, IN 46219
East Gate


HIGHLIGHTS

  • Building Size: 53,815 SF
  • Asking Price: $3,250,000.00
  • Site Size: ±8.9 acres, includes ±5 acres of green space
  • Large institutional-scale campus footprint
  • Large institutional-scale campus footprint Extensive on-site parking

OVERVIEW

The former Ransburg YMCA is a highly recognizable community and recreational campus located on approximately 8.9 acres on Indianapolis' east side. Originally constructed in 1960, with a significant addition completed in 1972, this well-established property presents a rare opportunity for redevelopment, adaptive reuse, institutional occupancy, educational use, healthcare services, recreational programming, or owner-user acquisition. This offering presents a unique opportunity to acquire a substantial institutional campus with existing recreational infrastructure, including indoor and outdoor aquatic facilities, multiple gymnasiums, wellness amenities, and expansive land area. The property is ideally suited for organizations seeking a highly visible and accessible Indianapolis location with immediate functionality and long-term redevelopment potential.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$36 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former Ransburg YMCA Facility

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

8.91 AC

LAND SF

388,119 SF

ZONING

SU7

APN/PARCEL ID

49-10-01-101-020.000-700

ASK ABOUT THIS PROPERTY

Melissa BlackwellPremier Commercial Real Estate ServicesMore Info
317-454-7171

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Melissa BlackwellPremier Commercial Real Estate ServicesMore Info
317-454-7171

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