4601 N Keystone Ave is aretail property for lease in Indianapolis, IN.
Approximately 2,000 SF completely gutted/remodeled masonry building with new roof. Total spent over $190,000 on remodeling. Building leased to Enterprise Leasing (20 years ending 10/27*); also advertising billboard on property leased to ClearChannel (16 years ending 7/31/23). Acreage: approximately 0.5 acre +-, zoned C-5. Lease commenced January 2008.
*Enterprise may terminate at any time with 6 months written notice and six month termination fee (one year income to release property). If Enterprise ever vacated, annual rent could increase dramatically from $30,000 to $36,000+ annually for used car lot - zoned C-5
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