- For Sale $950,000
- Property Type Office - General Office
- Property Size 4,813 SF
- Units 1
- Lot Size 0.56 Acre
- Parking Spaces Avail. 20
- Property Tenancy Single Tenant
- Building Class C
- Year Built 1970
- Year Renovated 2004
- Date Updated Jan 23, 2025
Description
The property is well located in the shadow of the world-famous Indianapolis Motor Speedway. The area is experiencing a renaissance, with newly constructed multi-family apartment buildings, restaurants and racing team offices, highlight the strong connection to the motorsports industry.This property boasts 4,813 square feet of versatile space on a .56 Acres of land, perfect for a variety of business needs and ample parking. With 3 separate entrances, the building offers exceptional potential for renovation into a multi-tenant space. This feature enhances accessibility and flexibility, making it an ideal choice for businesses looking to share a location or for an owner seeking rental income opportunities. The property originally was designed for a financial services company and most recently, the building was home to a day care operation.
Highlights
- 4,813 SF Large Flexible Space
- Ample Parking at over 4.0/1,000 SF
- Walking Distance to IMS and Main Street amenities
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Location
Located at 5011 West 16th Street, Speedway, IN 46224, this property is part of the Speedway neighborhood and Indianapolis market.
Contact Speedway Office
