Mass Ave building for sale

September 19, 2007
Back to TopCommentsE-mailPrintBookmark and Share
Massala BuildingThe Massala Building on Massachusetts Avenue has been listed for sale. The 36,000-square-foot building is home to MacNivens Restaurant & Bar and is next door to the site of 3 Mass, a condo and retail project now under construction. The building has offices on the upper floors and is 95 percent leased. It hit the market this week. The property is being marketed by Halakar, the developers of 3 Mass, without an asking price. Do you think the addition of the new building will improve values of nearby buildings? Anyone know the history of the Massala Building?
ADVERTISEMENT
  • Absolutely. Does the parking lot next to it go with the building? As much as Mass Ave needs parking, I would love to see the surface lot holes filled in, which I know is part of the development plan. Hopefully, whoever buys it will build out into the parking area, and I would like to see another restaurant or maybe some more retail go in on the ground floor.
  • I'll lay 100k that Troy Gregory, owner of MacNivens buys it up this week. P.J. & Tom listing this publicly doesn't make a bit of sense.

    Oh yeah, the parking lot is where the condos are going, right?
  • Riley Area Development Corp has a photo gallery of when 345 Mass was Brother Junipers, late 70's I think. http://www.rileyarea.org/gallery.htm
  • The building listing says it comes with 18 parking spaces.
  • I'm pretty sure those 18 spaces are the lot immediately behind the building, which isn't part of 3Mass.
  • Upon further reflection and a couple margaritas, I'll agree those 18 spots likely belong to the law firm behind the building. Bro Jups was alive and well till maybe 2000? Awesome lunch spot. SOUP!!!!
  • This used to be called the Baker Building. It was built in about 1905 and included flats on the upper levels. Different businesses occupied its first floor storefronts throughout its history.
  • A 95% leased building in the heart of Mass Ave with 18 parking spaces (which might be the lot north not south of the building). Halakar will certainly get top value for this building even with the huge beast of a building going up next to it. I am really interested to see what the final sale price is for this awesome building.

    Hey Mobyhead, thanks for that Riley Area link, all those pictures are really cool.
  • What a great building. Wish I had the capital to fork over for this jewel.
  • I can't really say how I know this, but I know that Crown Liquors is at least considering moving in to a space near here. I'm not sure if it was this building or not, though.
  • NO Crown Liquors! O'Malia's is already expanding in that area. Plus at least close down Wheeler Mission first.
  • One would think that Wheeler Mission's directors or other fiduciaries would feel some pressure to sell and relocate where their dollars would pay for more beds and programs to meet their mission aims.
  • Sounds like a fishing expedition.
  • ^^^^ yup ^^^

    just fishin.

Post a comment to this blog

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT
  1. Good Day I am Mr (Victoria Wright) from United state of America, i stayed in NEW YORK, and i have a broke up business, until i found this company email who help me to gain a loan for business,, and now i want to used this short medium to congratulate the below company for the fast and safe money they loan to me without any form of collateral, i loan 500,000USD from the company to save my business and lots more, i saw their mail on the internet, everyone always give testimony for what they did, so i quickly contacted them and they all did everything for me without stress and my money was sent to my account just 3 days later, i was surprise and i feel so glad, now i have a standard business control agent who help me, now i will advice those who need urgent loan to contact him at the bellow email:zenithfirm12@gmail.com

  2. NOTICE:This is to inform the general public that Vampires are real. My name is James Franklyn.,am an agent of vampire,am here to introduce our new world trend to you,a world of vampire where life get easier,we have made so many persons vampires and have turned them rich,you will be assured long life and prosperity,you shall be made to be very sensitive to mental alertness,stronger and also very fast,you will not be restricted to walking at night only even at the very middle of broad day light you will be made to walk.In case you are wildly oppressed by some unscrupulous persons we can still help you fight them.Your protection is assured immediately you join.Just contact the bellow email if you are interested we are here to attend to you anytime you want us. Contact the bellow email for more details. Email:vampirescreed@hotmail.com Sincerely: James Franklyn.

  3. Bravo! Someone else that is willing to speak the truth! Bravo!_____NBCSN is available in almost 2 MILLION more homes than just a few years ago, but Indycar STILL gets less total viewers than it did just a few years ago when NBC took over Versus. Attendance and ratings cratered with the end of season races (just when the title battle got "interesting" HAH!__________And now...new race in Basilia, where Miles celebrated the "rich history" of Indycar racing there. Rich history? What, 7 events in the 100 years of AOW? Yep, some history. Well, at least its an oval. It's not??? Are you kidding me??? Gosh darn road racin furriners.

  4. PURITY RAY LOAN OFFER........ Have you been denied by your banks,or are you in need of of an urgent loan to pay of your bills we are capable of giving loans @ cheaper rate to interested individuals, student, companies and members of the public in need of finance to settle bills, we do offer considerable loans which you can count on. For more information on our various types of loan,then you will have to contact PURITY RAY LOAN FIRM, to help you achieve your desire LOAN APPLICATION FORM TO BE FILLED BORROWERS INFORMATION * Full name:………………………. * SEX * ……………………………. * Country………………………….. * State:……………………………. * Land:…………………………….. * Occupation:…………………….. * phone number:…………………. * Telephone: ………………………….. * Age:………………………………. * Amount needed as loan:……… * Loan Duration:………………….. * Propose of Loan:……………….. * Annual revenue:………………… * Monthly Income:……………….. * Guarantee:………………………. * Payment: monthly or annually Email.....purityrayloanfirm@gmail.com Thank you and God bless Mr Purity Ray PURITY RAY LOAN FIRM we tend to serve you better

  5. Problem: most of the people responding to this article don't know about this service AT ALL! Why? Lack of awareness. This isn't IndyGo. This is CIRTA: might as well be the mattress company because they are asleep at the wheel - something like 3 directors over the last year? Playing with federal grant money is great! This "region" wants commuter rail service, has spent MILLIONS on Transportation studies yet can't even support a commuter bus line? This is largely for suburban riders to get to downtown - not for "service people to work in our hotels and restaurants" ! Get your head out of your backside!! These are professionals, students etc. that don't want to fight traffic, save some money on parking, gas, stress.... if CIRTA would put their federal money into widely promoting the sevive to Greenwood, Fishers & Carmel instead of finding directors and studies - this would be a successful service. Our family uses(d) it daily for the last several years - but the recent uncertainty & now unreliability due to cuts from Carmel has been a problem. Now, costs us an additional $350/month for gas & parking ( $4200/year) plus vehicle wear, service, environmental impact ... YES - this REGION needs this this type of service in order to keep growing and getting the people it needs to fill skilled positions in downtown Indianapolis. Think outside of your own car !!!

ADVERTISEMENT