- For sale
UNDER CONTRACT: Investment opportunity to acquire a two-story ±38,235-square-foot building on ±5.91 acres at 5435 W. Pike Plaza Road in Indianapolis, Indiana.
Visit our property website to view the offering memorandum.
A short distance from I-65, the conveniently located Property is surrounded by parking and fields. Currently vacant and in white box condition, this was originally a fitness center in 1988, and more recently used as a charter school. The building dimensions, generous parking and parcel versatility will accommodate a variety of uses.
The C4 and MU-1 zoning permit a generous array of uses, including schools, medical centers, retail, entertainment, offices, and a variety of mixed uses.
This offering provides an investor with the unique opportunity to acquire, at a significant discount from replacement costs, a versatile building, situated on a convenient parcel with generous parking that is located within the Uptown Core of Indiana’s largest city.
The Property is along the western perimeter of Lafayette Square regional mall and within the Indianapolis Uptown Core area. Lafayette Square regional mall contains ±1.2 million SF and the surrounding retail centers contain an additional ±700,000 SF of retail space. Retail offerings include department stores, fashion merchandisers, big box retailers, shops, restaurants and banks.
Two miles to the south is the Indianapolis Motor Speedway, home to the annual Indianapolis 500, that brings racing fans from across the globe.
Indianapolis is well known for its high quality of life and unique niche markets and has one of the nation’s most affordable costs of living.