Indianapolis, IN 46237,5110 Commerce Square DR
Indianapolis, IN 46237,5110 Commerce Square DR
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Listed by Keith Turnbill • RE/MAX Advanced Realty

$2,199,000

$2,299,900

4.4%
Est.Price: ?

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Est. payment /mo

12,698 SqFt


SOLD DATE : 08/28/2024

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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