Indianapolis, IN Marion Country Land 1.27 acre for sale in Indianapolis, IN

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No one markets and sells recreational real estate better than Mossy Oak, but this listing illustrates that we also know how to market retail commercial property as well! Check out this excellent opportunity to lease a beautiful retail restaurant facility located in the heart of the ever-growing NW Indianapolis business corridor. Built in 1995, this well-maintained former O'Charley's facility remains in great shape! It is strategically located near the intersection of 86th Street and Michigan Road, near the Pyramids and the St. Vincent's Medical Campus. The building provides 6,500 SF of gross leaseable area, situated on a wholly-owned 1.27-acre lot. The site provides ample parking via 94 parking spots, equating to a parking ratio of 11.54 per 1,000- SF. 2016 IDOT traffic data supports an average daily traffic count of 33,464- at the intersection of Vincennes Road and Michigan Road. Nothing beats traffic exposure! Plus, the facility also includes a beautiful interior bar area as well as a 25 x 48 outdoor dining patio area. The owner seeks a triple-net lease arrangement on a 5-year term, with renewal options available. The listed gross lease rate is $20- PSF. As the restaurant is situated on a wholly-owned lot, the annual CAM charges associated with the Fortune Park retail community total a meager $1,500- per year. Call Mark Boswell at 765-720-2166 for your own private tour of the facility!

  • Price: $650,000

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