About 2121 Hillside Avenue, Indianapolis, Indiana, 46218
FANTASTIC INVESTMENT PROPERTY!! 40,000 sq ft building on 5 .5 acres close to downtown Indianapolis. Owner recently sold business. New business owner is a manufacturing company, financially strong and has a 5 year lease on entire property with a 5 year extension option. Base rent is $20,833/month with a 3% increase each year. Tenant is responsible for insurance. Landlord is responsible for roof and taxes. Property has been meticulously maintained and is completely fenced with chainlink fence. Over 1200 sq ft of office space with seperate bathrooms, heated and cooled. Site was orginally used as industial dry-cleaning facility from 1960s until 2003. Property was classified as a "Brownfield Site" and maintains a Sub-Slab Depressurization system. On July 24, 2020 IDEM indicated all corrective action complete. See attached documents. Listing agent will answer questions and arrange viewing.
Heating : Natural Gas
Levels : One
Heating : Natural Gas
Levels : One

Street Address: 2121 Hillside Avenue
City: Indianapolis
State: Indiana
Postal Code: 46218
County: Marion
Directions: GPS Friendly

Property Information :
Listing Status: Active
Size: 43,000 Sqft
Lot Size: 5.50 Acres
MLS #: 21984523
Bedrooms:
Bathrooms:
Price: $3,900,000
Tax Amount: 10982
Construction Status: Built in 1973
Last Modified : Jul 16 2025 2:51AM

Courtesy of: Randall Reichmann, United Real Estate Indpls (MLS# MBRURE01)
Source MLS: MIBOR