3380 N Sherman Drive, Indianapolis, IN 46218

Property Description

The property sits on N Sherman Drive, a north-south commercial corridor through Indianapolis's near east side, about 4 miles from downtown. Current window tinting business paying $2,500 per month (NNN). 2 bedroom house at rear, currently vacant, rented in the past $1,200 per month. The Martindale-Brightwood area is seeing its largest proposed investment in decades. Proposed Metrobloks, data center campus at 2505 N Sherman Dr, the former Sherman Drive-In site. Local media report the project at $500 million. According to Metrobloks, the 15.5-acre campus will include two buildings and four data halls, about 154,000 SF of data center space, and 71.4 MW of critical IT capacity, served by a 100 MW power supply next to a 138kV substation. Metrobloks has also announced a $2.5 million commitment to affordable housing and street, park and infrastructure improvements in the neighborhood. Construction crews, contractors and technical staff coming to the corridor create demand for service, retail and auto-oriented users. A C-4 corner with three-sided access is well placed to serve them. Not Allowed uses per rezoning commitments: Motel, Vocational/techinical training facility, adult entertainment, adult entertainment retail, indoor spectator venue, night club/cabaret, firearm sales, liquor store, auto fueling station Permitted per Municode Codification (Marion County IN) Chapter 743 Table: single family detached, two family dwelling, triplex or fourplex, single family attached dwellings, multifamily dwellings 5+, Live/work unit, group home, retail, restaurants, offices, auto sales, banks, salons, dry cleaners, fitness, auto, tire and parts sales, car wash, convenience retail (without fuel sales), day care and child care, veterinary clinic / pet services, contractor or showroom type commercial uses