5502 East 16th Street is an office property for lease in Indianapolis, IN.
AUCTION DETAILS -- The sale of the Ritter Professional Building, located in Indianapolis, Indiana will take place through a secure on-line open bid web portal on the Ten-X.com web platform ( The Auction ). The auction is scheduled to begin February 13, 2017 with the closing time for all bidding to fall between 1:00 PM and 5:00 PM (Eastern Standard Time) on February 15, 2017.
Register with Ten-X.com to bid (see link under Attachments & Media):
- Participation deposit: $10,000
- Starting bid: $400,000
Constructed in 1962, this 98,453-square-foot medical office building combines all the advantages of the city. The Ritter Professional Building is professionally managed and features a two-story atrium, attractive insulated and textured exterior, abundant free parking in two multi-level attached parking garages, as well as ground level parking lots adjacent to the building. The building is proximal to professional offices, retail services and across the street from Community-East Hospital and the new 159-bed, $120 million state mental health facility currently under construction. The new Neuro-Diagnostic Institute and Advanced Treatment Center is scheduled to begin serving patients in late 2018.
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