For Sale $100/SF
Property Type Office
Property Size 12,800 SF
Lot Size 1.6 Acre
Cap Rate % 8
Zoning C1
Additional Rent Contact for pricing
# of Floors 2
Parking Spaces Avail. 40
Parking Ratio 3.13 / 1,000 SF
Building Class A
Year Built 1970
Year Renovated 2024
Date Updated Oct 11, 2024

This turnkey commercial property, comprising two buildings with a total of 10 Offices and 8 half-baths on a 1.6-acre lot, offers an excellent investment opportunity just 0.4 miles from I-465. Occupied by medical businesses, both buildings received upgrades in February 2024, including HVAC systems, heaters, paint, and carpet. Building 141 is equipped with a stair lift, enhancing accessibility on both levels for patients and staff. The expansive lot provides potential for additional development, allowing for permitted uses. This robust investment will boast a 8+ Cap rate once fully rented out providing significant cash flow. Offering Memorandum attached in the Document section.

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Attachments

Highlights

Two stand-alone garages

Contacts

Nigel Barretto

EXP Realty

Location

Getting Around

Walk Score ®
49/100 Car-Dependent
Transit Score ®
40/100 Some Transit
Bike Score ®
55/100 Bikeable

Map
Street

City Indianapolis, IN
Neighborhood East Gate
Zip Code 46219
Market Indianapolis

Points of Interest

Thornton's

0.29 miles
Kroger

0.43 miles
Marathon

0.52 miles
BP

0.53 miles
Speedway

1.01 miles
Admiral Petroleum Co

1.27 miles
Shell Express

1.57 miles
Tesla Supercharger

5.49 miles
Electrify America

5.71 miles
ChargePoint

5.85 miles

Home Depot Parking Lot

2.32 miles
bus

5.19 miles
Market District Garage

5.87 miles
Lot 35

5.97 miles
Lot 48

6.05 miles
Virginia Avenue Garage

6.09 miles
429 Penn Parking

6.11 miles
Pulliam Garage

6.11 miles
Cityway North Car Park

6.12 miles
Lot 98

6.16 miles

Country Inn & Suites

0.50 miles
Skyline Motel

0.77 miles
Indianapolis East Knights Inn

1.43 miles
Always Inn

1.47 miles
Red Roof Inn - Indianapolis East

1.48 miles
Indianapolis Conference Center Hotel

1.49 miles
Fairfield Inn & Suites Indianapolis East

1.49 miles
Indianapolis Marriott East

1.50 miles
Quality Inn East Indianapolis

1.51 miles
Candlewood Suites Indianapolis East

1.53 miles

The Patio

0.19 miles
McDonald's

0.25 miles
Blue Moon Bar & Grille

0.27 miles
Applebee's

0.27 miles
Papa John's

0.28 miles
Subway

0.30 miles
Fazoli's

0.33 miles
Bob Evans

0.39 miles
Kasai Sushi Bar & Kitchen

0.44 miles
Manley's Irish Mutt

0.46 miles

Holy Spirit School

0.39 miles
Irvington Community School

0.79 miles
Irvington Community Middle School

1.22 miles
George B Loomis Elementary School

1.50 miles
Trinity Lutheran School

1.59 miles
Anna Brochhausen School #88

1.75 miles
George W. Julian School 57

1.89 miles
Our Lady of Lourdes School

2.08 miles
Kenneth Walker Elementary School

2.21 miles
Saint Simon the Apostle School

2.25 miles

In His Arms Child Care

0.82 miles
Beech Babies Childcare Ministries

1.22 miles
Bright Beginnings Learning Academy

3.30 miles
Kiddie Kollege

4.27 miles
KinderCare

5.00 miles
Tyler's Journey Childcare Ministry

5.80 miles
Eli Lilly daycare

5.96 miles
Stepping Stones

6.01 miles
God's Angels Childcare

6.27 miles
Day Early Learning Lilly Family Center

6.63 miles

Frequently Asked Questions

How much does 141 N Shortridge Rd cost?

The space currently listed for sale at 141 N Shortridge Rd asks for $100/SF.

What is the total square footage of 141 N Shortridge Rd?

141 N Shortridge Rd totals 12,800 square feet.

When was this property built?

141 N Shortridge Rd was built in 1970.

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