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Listed by Jason Alsup • eXp Realty, LLC
$ 2,135,000
$ 2,500,000 14.6%
Est. payment /mo
Sold on 08/14/2026
5450 W 86th ST Indianapolis, IN 46268
21,300 SqFt
UPDATED:
Key Details
Sold Price $2,135,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 21,300 sqft
Price per Sqft $100
MLS Listing ID 22033393
Sold Date 08/14/26
Year Built 1986
Tax Year 2024
Lot Size 3.050 Acres
Acres 3.05
Property Sub-Type Retail
Property Description
This 3.05-acre property presents a fantastic value-add opportunity with both retail and industrial components, offering versatility and potential for increased returns. The retail site, zoned C4, consists of 15,000 square feet and is currently configured with 8 units, with the potential to be converted into 9 units. Most spaces are built out but would benefit from CAPEX improvements to modernize and maximize rental income. The industrial building, zoned I4, offers 6,300 square feet and is ideal for various industrial uses, providing flexibility for owner-users or tenants. This property is perfect for investors looking to enhance value through renovations and lease-up strategies. With strong zoning designations and ample space for improvements, this site is ready for its next phase of growth!
Location
State IN
County Marion
Zoning I4 - C4
Interior
Heating Natural Gas
Cooling Central Air
Fireplace N
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Y/N false
Roof Type Flat
Building
Story 1
New Construction false
Schools
Middle Schools Pike Central Middle School
High Schools Pike Central High School
School District Pike County School Corp
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