13,600 sqft

$1,355,000

21 N Pennsylvania Street, Indianapolis IN, 46204

Price per sqft$99.63

Built in1920

Property size13,600 sqft

Property typeCommercial

Courtesy of RE/MAX Advanced Realty, Keith Turnbill Listing Contact:

Overview

Sold

Listed Mar 7, 2025

Updated Jun 10

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.

Additional information

MLS^® ID: 22026290

Interior Features

Basement: No

Exterior Features

Lot Size: 0.06 Acres

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