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Listed by Michael Huff • Keller Williams Indy Metro S
$ 319,000
Est. payment /mo
Pending
4700-4702 Southeastern AVE Indianapolis, IN 46203
5,265 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Pending
Purchase Type For Sale
Square Footage 5,265 sqft
Price per Sqft $60
MLS Listing ID 22071263
Tax Year 2024
Lot Size 0.700 Acres
Acres 0.7
Property Sub-Type Office
Property Description
KW Commercial is pleased to offer 4700-4702 Southeastern Ave., Indianapolis, IN. This unique opportunity includes two adjoining high-visibility corner parcels, on 0.7 acres, w/5,265 SF of improvements consisting of office, shop, and storage improvements, supported by ample yard and parking space. This long-established property provides a rare owner-user or investor opportunity along the well-traveled Southeastern Avenue corridor - (8,798 Vehicles/Day) - connecting I-465 and Downtown Indianapolis. The market area features a diverse mix of commercial, light industrial, and residential uses - making it ideal for transitional commercial applications and future redevelopment. The site has operated as a contractor's office and service facility for more than 50 years. There is a permanent zoning variance (D-3 Variance) authorizing automotive repair use, and City of Indianapolis staff have indicated that a C-3 zoning classification would likely be supported upon application, providing not only a proven location with excellent access, visibility, and infrastructure, but potential for multiple redevelopment opportunities as well. Extending the useful life and reducing near-term maintenance costs, in 2024 the owner invested over $42,000 in major building upgrades, including a new membrane roof, gutters, downspouts, and skylights on the primary structure, (with a transferable 20-year manufacturer's warranty). Additionally, in 2017 over $20,000 was invested in new rubber roofs on the 1,935 SF storage section of 4702 Southeastern as well as the 1,444 SF building at 4700 Southeastern. The property is secured by a private security camera system (monitored by Indiana Alarm) as well as perimeter security fencing covering most of the site - ideal for contractors, trades, or service-oriented operators seeking both functionality and peace of mind. Don't miss the opportunity to own this high-visability, multi-use property at an excellent price point!
Location
State IN
County Marion
Zoning Various
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Membrane,Rubber
Building
New Construction false
Schools
School District Indianapolis Public Schools
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