1728 W 16th Street, Indianapolis, IN 46202

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Sold Price
$850,000
List Price
$869,000
Closing Date
Aug 10, 2026
MLS#
22032164
Property Type
Commercial Sale
Sqft. of Residence
6,964
Year Built
1953
Days on Market
482
Status
SOLD

Property Description

This freestanding office or commercial building, situated on 0.45 acres, presents a compelling opportunity for commercial or industrial use, particularly given its C-5 zoning suitability, which is among the most desirable commercial classifications in Indianapolis. The property is located in close proximity to I-65, offering ease of access and logistical advantages. Structural Integrity & Layout: The building retains good bones, and the conference room remains intact. Location & Zoning: The property is well-positioned for C-5 zoning, allowing for a variety of high-value commercial and industrial uses. Completely renovated in 2016 with significant capital improvements. Newly paved and dedicated parking lot. New windows, fencing, and gates added for security and aesthetics. d. Drive-in door and dock, along with outdoor storage area for flexible operational use. Monument signage in place for branding and visibility. Adjacent to Riverside Regional Park and in proximity to 16Tech, a growing innovation district. Features multiple conference and collaboration areas. Includes an open ceiling and a glass-front conference room that enhances natural light and aesthetic appeal. Whether you're an investor seeking income potential or an owner-user ready to establish your presence in a booming area, this property presents a compelling opportunity with value-add potential. Don't miss your chance to own a piece of Indianapolis' urban growth story-schedule your private tour today.

Additional Information

Acres
0.45
Region
Center

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Calculator source: Real Geeks

Listing courtesy of F.C. Tucker Company. Selling Office: eXp Realty, LLC.

Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative