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27624098
28204819

1151 Kentucky Ave, Indianapolis, IN 46221

Allies Commercial Realty
Allies Commercial Realty
Listed by Allies Commercial Realty
Unpriced
238 days on market
Updated 42 days ago

1151 Kentucky Ave

Details
Property Type Industrial
Sub Type Flex, Manufacturing (+1)
Square Footage 5,200
Net Rentable (SqFt) 5,200
Tenancy Single
Lease Type Modified
Broker Co-Op Yes
Class C
Acreage 0.130
Zoning C-7
Investment Type Value Add
Ceiling Height 12'
Dock High Doors 1

Income Producing Small Bay Industrial Building Near I-70

Marketing description

**1151 Kentucky Ave is a single tenant industrial building leased by WCWO Wrestling.

Allies Commercial Realty has been exclusively retained to market for sale the Riva Campo Portfolio, a rare five-parcel industrial and flex property package totaling 78,543 SF across 3.33 acres in Indianapolis. With C-7 zoning and a strategic location near Lucas Oil Stadium, Lilly Technology Center, and the White River, this portfolio offers significant upside for investors seeking value-add opportunities in a rapidly developing submarket.

The portfolio consists of five properties featuring diverse building sizes and uses, including industrial, flex, and parking. Combined, the sites offer multiple dock and drive-in loading options, clear heights ranging from 11’–20’, and strong accessibility from both Morris Street and Kentucky Avenue. Currently, the portfolio is 75% occupied allowing for a compelling value-add opportunity for investors seeking to enhance returns through lease-up, repositioning, or redevelopment.

Positioned within minutes of downtown Indianapolis and surrounded by high-profile developments such as Eleven Park, Back 9 Golf, and the Elanco Global HQ, this portfolio is uniquely situated for both passive investment and redevelopment strategies. With year-to-year leases currently in place, investors have the flexibility to reposition the properties to meet market demand and maximize returns.

Listing Contacts

Allies Commercial Realty
Allies Commercial Realty
Listed by Allies Commercial Realty

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