For sale 2 months ago

$3,900,000

rooms 4+ ba 26016 sqft

12648 E 116th St., Fishers, IN 46037

Commercial Commercial

Current Rent **

N/A

Projected Rent **

$1

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Redevelopment Opportunity in Fishers Indiana, the Nations #1 Place to Live

Rare Opportunity to develop in America's #1 Best Place to Live according to Money Magazine. Centrally located in sought-after 116st St and Brooks School Rd., surrounded with world renowned amenities, shops and restaurants. This location is presently occupied by the Promise Church Preschool and Kindergarten Until the end of June 2022 unless a Buyer wishes to keep the school as a tenant.

Purposefully developed in a densely populated residential and retail hub, previously the home of the United Methodist Church; this building boasts a sprawling 24,560 square feet of building space and a 1,456 Shelter House totaling a massive 13.95 +/- Acre development.

This well-maintained building includes multiple office spaces, school play area, classrooms, quiet room, storage rooms, café area, meeting rooms, full kitchen, excellent lighting, tall ceilings. All the mechanical, roof and building equipment are running at top performance.

This property is perfect for a large-scale redevelopment such as a mixed-use facility or medical/office park. This is a rare opportunity for a developer looking to capitalize on large land and add additional value to the City of Fishers

Location:

12648 E 116th St., Fishers, IN 46037

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.