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Listed by Keith Turnbill • RE/MAX Advanced Realty
$2,299,000
Est. payment /mo
13,600 SqFt
Active
21 N Pennsylvania ST Indianapolis, IN 46204
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 13,600 sqft
Price per Sqft $169
MLS Listing ID 22026290
Year Built 1920
Tax Year 2023
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Retail
Property Description
This is a 4 story building with a lower level. Big Red Liquors is leasing the 1st floor as well as the lower floor. The remaining 3 floors are currently in shell condition and ready for your design. Each floor is 2,720 square feet. There is an elevator in the building that will require service. With the CBD1 zoning, you can have office, retail, day care, religious uses, medical uses, hair and nail salon, restaurant, bar, as well as multifamily/condos (over 5 units). If you were to lease the remaining 3 floors for $18.00 per square foot on a NNN basis, the gross rents would be in excess of $230,000 annually. This is an excellent location with close proximity to restaurants, Gainbridge Fieldhouse, Lucas Oil Stadium, etc.
Location
State IN
County Marion
Zoning CBD1
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected, Gas Nearby, Sewer Connected, Water Connected
Building
New Construction false
Schools
School District Indianapolis Public Schools
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