Cumberland Professional Building

11903 E Welland St Indianapolis, IN 46229

11903 E Welland St, Indianapolis, IN, 46229
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$700,000
Last Verified:
Mar 12, 2024

Highlights

  • - 9 Suites
  • -7,362 RSF
  • - 11% CAP

Description

The Cumberland Professional Building is a fantastic investment opportunity for anyone looking to expand their real estate portfolio. Located at 11903 E Welland St. Cumberland, IN 46229, this 9 Suite, 7,362 RSF office building is currently 100% leased.

One of the key investment highlights of this property is its proximity to the city center and its strong tenant base. The building is well-maintained and has undergone recent updates, making it an attractive option for potential tenants. Additionally, there are value-add opportunities available for investors looking to increase their gain.

The building has multiple tenancy and was built in 1976, with renovations completed in 2021. It sits on 0.94 acres of land zoned C1 - Commercial. There are also 48 parking spaces available, providing ample parking for tenants and visitors.
In summary, the Cumberland Professional Building is a fantastic investment opportunity with strong potential for growth and value-add opportunities. Don’t miss out on this chance to expand your real estate portfolio with a well-maintained and strategically located property.

Nestled at the intersection near E Welland St and Mitthoeffer Rd in Indianapolis, this property is a gem just 20 minutes from downtown Indianapolis. It's a hub of convenience with easy access to shopping, dining, and parks, all within a welcoming community. Perfect for those seeking a balance of city access and local charm, it's an ideal spot for this 9 suite office.


Year Built: 1976
Building Size: 8268sq ft
Building Class: B
Lot Size: 0.94 acres

Map of 11903 E Welland St, Indianapolis, IN, 46229

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.