317-440-3337
951 W Morris St, Indianapolis, IN for Sale
Warehouse - FOR SALE
1/5
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951 W Morris St
Indianapolis, IN 46221
West Indianapolis


OVERVIEW

Current NOI: $136,539 Projected NOI: $296,139 **951 W Morris St is a value-add industrial investment. Suites A-C are leased to DK Home Furniture & Mattress. Suite E is leased to RH Motorsports. There is a 60-day Landlord termination option for both tenants upon a sale of the property. 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 Or Owner User

BUILDING DETAILS

PROPERTY NAME

Zaahi Studios

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

UTILITIES

Lighting - Metal Halide, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

20 Ft

DOCKS

3

DRIVE INS

1

PARKING SPACES

36

LAND DETAILS

LAND ACRES

2.05

LAND SF

89,298

ZONING

C-7

APN/PARCEL ID

49-11-14-102-007.000-101

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.