5450 W 86th Street, IN 46268

$2,135,000
21,300
SqFt

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Sold Price
$2,135,000
List Price
$2,500,000
Status
SOLD
Days on Market
484
Closing Date
Aug 14, 2026
MLS#
22033393
Subtype
Commercial Sale
Year Built
1986
Living Area
21,300
Acres
3.05
MLS Area Major
Pike

Property Description

This 3.05-acre property presents a fantastic value-add opportunity with both retail and industrial components, offering versatility and potential for increased returns. The retail site, zoned C4, consists of 15,000 square feet and is currently configured with 8 units, with the potential to be converted into 9 units. Most spaces are built out but would benefit from CAPEX improvements to modernize and maximize rental income. The industrial building, zoned I4, offers 6,300 square feet and is ideal for various industrial uses, providing flexibility for owner-users or tenants. This property is perfect for investors looking to enhance value through renovations and lease-up strategies. With strong zoning designations and ample space for improvements, this site is ready for its next phase of growth!

Additional Information

Taxes
$26,602
Air Conditioning
Central Air

Listing courtesy of Jason Alsup. eXp Realty, LLC

Selling Office: eXp Realty, LLC.

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Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID.


Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.