8 N Sheridan Avenue Indianapolis, IN $ 275,000
8 N Sheridan Avenue
$ 275,000
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8 N Sheridan Avenue

Indianapolis, IN, 46219
$ 275,000
Baths0.0 Sq 1,950

Monthly Estimate*

$ 1,921

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Studio

Commercial Property for sale in Indianapolis, IN

for $275,000. This 1,950 square foot building was built in 1928 on a lot size of 0.08.

Wow! Auto Body Business & Irvington Staple Since 1929! Originally the Sheridan Ave Garage & 6-7 others since. Mostly Delk's Body Shop since 1969. Offering Auto Body shop at 8 N. Sheridan Ave & the corner building at 6138 E. Washington as a pair for $350,000! If you only want the Auto Body Shop, it will be $275,000. Not likely to ever find an opportunity for this price at a location like this! We have discounted the price for needed updates. Building has been operating but will need general updates to bath, plumbing, electric, heating. Air Compressors & miscellaneous equipment included at sale price but some minor contents to be removed. Large 12 Foot Overhead Door & large open work space inside for 4-5 car working capacity & room left over. 11x9 Office at front of building & a small 6x6 bathroom space in back. Has had gas overhead heat in the past, but units would need repair or replacing. This is a solid block building, recently painted exterior, rubber roof & drive in last 10-12 years. Mostly needs interior clean out & mechanical updating. Staked Survey included and a recent property line correction with deeded correction in December 2023. Lot next door (on corner) gets $1,750+ in rent per year if you buy and it increases each year. Note: A Body Shop in the 2300 block of US 40 sold for $360,000 and was a metal panel framed building, inferior to ours structurally, but it was updated. The overhead sign company has a 10 day option to purchase on the 6138 E. Washington St. building & lot, but the Body Shop can be sold without any restrictions. Minimum 48 hours notice to show. Proof of funds required prior to showing. AGENTS: "Do not pull or step onto premises without prior authorization", building is monitored. Sold strictly "As Is", Cash. Inspections for informational purposes only. Non refundable Earnest Money, 5% required upon acceptance or after 10 day contingency if needed. Prelim title insurance with First American Title. See attachments for other details.

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Commercial Active

Price

$ 275,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 1,248

Style

Business

Lot Size

0.08

Year Built

1928

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

21958485

Features
General
Heating Other
Cooling None
Utilities Cable Available Electricity Connected Gas Nearby Sep Electric Meter Sep Gas Meter See Remarks
Possession Closing
Roof Rubber See Remarks
Zoning C3 Automotive
Year Built 1928
Electric Circuit Breakers
Stories 1
Township Warren
Levels One
Property SubType Business
Tax Year 2022
Current Use Automotive CommSglTen See Remarks
Building Name Delk's Body Shop
Additional Parcels Description 6138 E. Washington St Building & Lot
County Marion
New Construction N
Property Type Commercial Sale
Facing Direction East
Possible Use AutoMisc See Remarks
Status Active
Directions Washington St (US 40) East 1.5 blocks past Arlington Ave to Sheridan Ave. North to Building.
City Indianapolis
Buyer Agent Compensation 3.5
High School District Indianapolis Public Schools
MLS Area 4905 - Marion - Warren
Lot Size Square Feet 3340
Street Name Sheridan
Property Attached Y/N N
Current Financing Cash Only SeeRemarks
Additional Parcels Y/N Y
Days on Market 37
Standard Status Active
Tax Lot Kuhns 7
Buyer Agent Compensation Type %
Legal Description Kuhns Eastern Add Ex 70Ft S End Ex 40Ft N Endl7 (plus additional 23.5') in depth.
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Exterior
Parking Features Attached Concrete
Building Area Total 1950
Lot Size Acres 0.08
Road Surface Type Asphalt
Road Frontage Type City Street Highway See Remarks
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Interior
Basement (Y/N) N
Street Suffix Avenue
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* Excluded Features
List By
Berkshire Hathaway Home

Broker

barrydelk@aol.com

Email

Affordability Calculator

$2,025
Per Month
95%
5%
0%
Monthly Principal & Interest
$1,921
Monthly Property Taxes
$104
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/23/2024$275,000 -21.43% Price Down
2/1/2024$350,000 Listed Price

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8 N Sheridan Avenue, Indianapolis, IN, 46219 is a Commercial Property for sale at $275,000 with 1,950 sqft and a lot size of 0.08. 8 N Sheridan Avenue is a studio with 0.0 baths and was built in 1928. The property's zip code is 46219 which is in Indianapolis, IN