3136 W 16th Street, Indianapolis, IN 46222

Property Description

3136 W. 16th Street is a high-visibility commercial property positioned along a well-traveled corridor on Indianapolis' west side. Offered at $400,000, the property includes a 3,670-square-foot building situated on approximately 0.70 acres. The site features more than 200 feet of frontage along W. 16th Street, visibility to approximately 28,751 vehicles per day, and three points of ingress and egress for convenient access. Located approximately one mile from the Indianapolis Motor Speedway-home of the Indianapolis 500-the property benefits from its proximity to one of Indiana's most recognizable destinations. It is also convenient to Lafayette Road, I-65, downtown Indianapolis, IU Indianapolis, Purdue Indianapolis, 16 Tech, and several major area employers and institutions. The surrounding trade area offers strong population density, with more than 104,000 residents and approximately 42,000 households within three miles. Nearby businesses and destinations include the Town of Speedway, Allison Transmission, Indianapolis Motor Speedway, Brickyard Crossing Golf Course, Dollar General, Subway, McDonald's, Popeyes, and other established commercial users. The property's C-5 zoning accommodates a broad range of commercial uses, including auto sales, restaurants, commercial and building contractors, medical uses, light and heavy retail, and more. With strong traffic exposure, substantial frontage, multiple access points, and broad commercial zoning, 3136 W. 16th Street presents a compelling opportunity for an owner-user, investor, or redevelopment concept.