3018 W 16th Street, Indianapolis, IN 46222

$125,000
3
BD
2
BA
2,080
SqFt

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Sold Price
$125,000
List Price
$115,000
Closing Date
Mar 31, 2026
MLS#
22088730
Property Type
Residential
Bedrooms
3
Bathrooms
2
Sqft. of Residence
2,080
Year Built
1930
Days on Market
20
Status
SOLD

Property Description

Well-established cell phone and pager business with 30 years of operation. The sale includes all business equipment and inventory featuring four display cases, glass counters, and all phone merchandise. Multiple desks and chairs, storage cabinets, shelving, and interior floor mats. All exterior signage is included. This versatile commercial property in a high-visibility location near Speedway with flexible-use potential. Space can be adapted for a variety of business uses. All existing fixtures and equipment will convey or be removed at closing. Full bathroom on the main floor and a half bathroom in the basement. Basement generates immediate income with a long-term tenant in place at $850/month, with potential for future rent growth. NEW Roof in 2023. Rear parking for up to 12 vehicles and strong street presence. Ideal for investors or owner-users seeking space in a well-located area. This property is zoned C-5, land use residential as well.

Additional Information

Basement
Egress Window(s), Exterior Entry, Partially Finished, Roughed In, Storage Space
Foundation
Other
Stories
One
Architecture
Traditional
Interior
Attic Access, Attic Stairway
Acres
0.16
Heat
Forced Air
Cooling
Central Air
Financing
Contract, Conventional
Appliances
None
Region
Wayne
Eating Areas
Other Eating Area

Mortgage Calculator

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Garnet Group. Selling Office: eXp Realty, LLC.

Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative