4501 West 16th Indianapolis, IN 46222

$375,000
4501 West 16th, Indianapolis, IN 46222
21461949

Commercial Property for sale in Indianapolis, IN

for $375,000. This building was built in 1960 on a lot size of 17,424.

Property Information

  • $375,000
  • Commercial
  • Retail
  • Active
  • Lot size of 17,424
  • Built in 1960
  • Indianapolis, IN
  • Marion County
  • MLS/Web ID is 21461949
  • Broker is Wynkoop Brokerage Firm, LLC

Description

One of only 3 privately owned parcels across from the Indy 500 Track entrance. Would make a great BBQ restaurant or brewery with lots of exciting development in Speedway! Very cool Hand Hewn beams for walls. Walk-in cooler. Sign rental almost $10k per year. Excellent parking for track events.

Exterior 1

Parking

  • 1-20 Parking Spaces

Miscellaneous 2

Restrictions

  • Smoking Restricted

Utilities

  • Electric

† Excluded Feature

Listed By

Broker: WYNKOOP BROKERAGE FIRM, LLC

4501 West 16th , Indianapolis, IN, 46222 is a Commercial Property for sale at $375,000 with a lot size of 17,424. 4501 West 16th has 0.0 baths and was built in 1960. The property's zip code is 46222 which is in Indianapolis, IN

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Pricing History

Date Price Price Change Description
12/2/2017 $375,000 -5.06 % Price Change
7/25/2017 $395,000 -1.25 % Price Change
6/1/2017 $400,000 -1.23 % Price Change
3/10/2017 $405,000 -1.22 % Price Change
2/7/2017 $410,000 -1.20 % Price Change
1/26/2017 $415,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Indianapolis $426,228 14 % above $265,000 29 % below
Commerical listings in Indianapolis $539,686 44 % above $299,450 20 % below
Sold listings in Indianapolis $127,039 66 % below $35,375 91 % 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

Similar Listings

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or Call us at 1-800-839-1363