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$2,500,000 -

5450 W 86th Street Indianapolis IN 46268

-
Bedrooms
-
Baths
N/A
SQ. Feet
(Above Ground)
3.05
Acres

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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Property Details

Price: $2,500,000 Previously: $2,500,000 Originally: $2,500,000 Bathrooms: 0.00 MLS #: 22033393 Year Built: 1986 Township: Pike Sq. Ft Total: 21,300 Type: Commercial Sale Zip Code: 46268 City: Indianapolis Subdivision: Empty County: Marion School District: Pike County School Corp High School: Pike Central High School Middle School: Pike Central Middle School

Interior Features

Interior Features:
  • Heating: Natural Gas

Exterior Features

Exterior Features:
  • # Acres: 3.05

Listing Office: Exp Realty, Llc

Office Contact: jasonalsupexp@gmail.com

All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2025 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.

Listing information last updated on May 13th, 2025 at 2:10pm EDT.

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