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5450 W 86th Street

Indianapolis, IN 46268
  • $2,500,000
  • STATUS: Pending
  • ON SITE: 91 Days
  • MLS #: 22033393
Under Contract
$2,500,000
  • 0
    BEDS
  • 3.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1986
County:

School Information

School District:

Description

This 3.05-acre property presents a fantastic value-add opportunity with both retail and industrial components, offering versatility and potential for increased returns. The retail site, zoned C4, consists of 15,000 square feet and is currently configured with 8 units, with the potential to be converted into 9 units. Most spaces are built out but would benefit from CAPEX improvements to modernize and maximize rental income. The industrial building, zoned I4, offers 6,300 square feet and is ideal for various industrial uses, providing flexibility for owner-users or tenants. This property is perfect for investors looking to enhance value through renovations and lease-up strategies. With strong zoning designations and ample space for improvements, this site is ready for its next phase of growth!

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© 2025 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Mike Price Realty Team - RE/MAX Centerstone.

Based on information submitted to the MLS GRID as of 2025-07-18T00:25:47.68. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
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5450 W 86th Street Indianapolis, IN 46268

  • Price: $2,500,000
  • Status: Pending
  • On Site: 91 Days
  • MLS #: 22033393
0
Beds
0
Baths
0
½ Baths
3.05
Acres
1986
Built
Neighborhood:
4902 - Marion - Pike
County:
Marion
Area:
4902 - Marion - Pike
Middle School:
Pike Central Middle School
High School:
Pike Central High School
School District:
Pike County School Corp
Property Description
This 3.05-acre property presents a fantastic value-add opportunity with both retail and industrial components, offering versatility and potential for increased returns. The retail site, zoned C4, consists of 15,000 square feet and is currently configured with 8 units, with the potential to be converted into 9 units. Most spaces are built out but would benefit from CAPEX improvements to modernize and maximize rental income. The industrial building, zoned I4, offers 6,300 square feet and is ideal for various industrial uses, providing flexibility for owner-users or tenants. This property is perfect for investors looking to enhance value through renovations and lease-up strategies. With strong zoning designations and ample space for improvements, this site is ready for its next phase of growth!
Exterior Features

Fencing Chain Link Parking Features AsphaltConcrete Roof Flat View YN No Waterfront YN No

Interior Features

Building Area Total 21300 Heating Natural Gas

Property Features

Acres 3-5 Acres Current Use IndustrialRetail Divisible Yes Dpr YN No Electric 200+ Amp Service Green Certification YN No Multi Tenants Yes New Construction YN No Possession Negotiable Possible Use IndustrialRetail Property Sub Type Retail Retail Type Strip Cntr Semi Annual Property Tax Amt 26602 Space Available 21300 Sprinkler Dry Tax Year 2024 Township Pike Transaction Type Sale Utilities Electricity ConnectedSewer ConnectedWater Connected Zoning I4 - C4

Listing provided courtesy of eXp Realty, LLC: jasonalsupexp@gmail.com. © 2025 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2025 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Mike Price Realty Team - RE/MAX Centerstone.

Based on information submitted to the MLS GRID as of 2025-07-18T00:25:47.68. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
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