$2,199,000
$2,299,900
4.4%For more information regarding the value of a property, please contact us for a free consultation.
5110 Commerce Square DR Indianapolis, IN 46237
12,698 SqFt
Key Details
Sold Price $2,199,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 12,698 sqft
Price per Sqft $173
MLS Listing ID 21986877
Sold Date 08/28/24
Year Built 1985
Tax Year 2023
Lot Size 1.570 Acres
Acres 1.57
Property Description
This is a fully leased building in the heart of Franklin Township. This property a just down the street from Franciscan Hospital and has excellent visibility and access. The center has an array of medical and financial services tenants and leases that are in place for at least 3 years with some even longer. The leases have annual rental increases in them as well which will only improve the cap rate each year. This could be a great investment in a great location.
Location
State IN
County Marion
Zoning CS
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected, Gas Nearby, Sewer Connected, Water Connected
Building
Story One
New Construction false
Schools
School District Franklin Township Com Sch Corp
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© 2024 Listings courtesy of MIBOR as distributed by MLS GRID. All Rights Reserved.