5250 West 16th Street Indianapolis, IN 46224

$599,000
5250 West 16th Street, Indianapolis, IN 46224
Call 1-800-839-1363
21322403

Commercial Property for sale in Indianapolis, IN

for $599,000. This building was built in 1948 on a lot size of 0.3100 Acre(s).

Property Information

  • $599,000
  • Commercial
  • 0 Square Feet
  • Taxes are $3,648
  • Free Standing Building
  • Retail
  • Active
  • Lot size of 0.3100 Acre(s)
  • Built in 1948
  • Indianapolis, IN
  • Westside Neighborhood
  • Marion County
  • MLS/Web ID is 21322403
  • Broker is CENTURY 21 Scheetz

 Virtual Tour

Description

Attention Investors! Prime corner in Speedway available-NE corner of 16th St. & Lynhurst. Road frontage on both 16th St. & Lynhurst. Good traffic at Race time and all year round. Listing includes three building, parking lot and storage. Owner is selling as a package only. All building currently leased-barber shop, pizza place and mini market. Current leases in place are month to month for ease of transition.

Exterior 1

Building Type

  • Free Standing Building

Miscellaneous 1

Utilities

  • Electric
  • Gas Available

† Excluded Feature

Listed By

Broker: CENTURY 21 SCHEETZ

5250 West 16th Street, Indianapolis, IN, 46224 is a Commercial Property for sale at $599,000 with 0 sqft and a lot size of 0.3100 Acre(s). 5250 West 16th Street has 0.0 baths and was built in 1948. The property's zip code is 46224 which is in Indianapolis, IN

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Pricing History

Date Price Price Change Description
10/25/2016 $599,000 -10.60 % Price Change
10/25/2016 $670,000 Price Change
1/6/2016 $670,000 -4.27 % Price Change
1/6/2016 $699,900 Price Change
10/29/2014 $699,900 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Indianapolis $413,887 31 % below $199,950 67 % below
Commerical listings in Indianapolis $460,911 23 % below $297,000 50 % below
Sold listings in Indianapolis $127,039 79 % below $35,375 94 % below

Get the facts about Indianapolis, IN!

Population 843,184
Population Growth (since 2000) 8 %
Median Income $43,160
Median Age 35.24
Households w/ Children 29 %

Residential Dwellings

  • Owned 191916
  • Vacant 46891
  • Rented 150476

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