Industrial Property for Lease in Indianapolis, IN

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Indianapolis, IN 46241
  • Size: 49,813 SF

Description

Space Notes Can entertain short-term leases. Rear and front warehouse spaces available totaling 19,384 SF within the Airport Business Centre. Crane Bay Large 16' H x 14' W Drive In Excess Outdoor Storage (600 SF) Combination of 24’ and 13.5’ clear heights, heavy power, and flexible layout suitable for manufacturing, distribution, or light industrial users. Excellent access to I-70 and I-465 and minutes from Indianapolis International Airport. Highlights I-3 Zoning Crane Bay Large 16' H x 14' W Drive In Excess Outdoor Storage (600 SF) Short-term lease Structures Available Building SF: 49813 | Land Size: 3.4 Ac | Listing Type: FOR LEASE

Market Context

This industrial in Indianapolis, IN is listed for lease across 49,813 SF. It has been on the market for 26 days. Compare it against other industrial listings for lease in Indianapolis, IN — <a href="/search/lease/industrial/indiana/indianapolis">view the full market</a>.

As of Q1 2026, the Indianapolis industrial market showed a 7.0% vacancy rate, average asking rents near $6.35/SF/yr, and cap rates around 6.1%. Source: Consensus Q1 2026 market report.

Industrial market FAQ

What is the typical cap rate for industrial in Indianapolis?
About 6.1% as of Q1 2026, per Consensus.
Is the Indianapolis industrial market tightening or softening?
Vacancy is around 7.0% (Q1 2026).

Unified Estimate

Very Low Confidence

$3.27/SF/mo – $4.43/SF/mo

Mid: $3.85/SF/mo

Total estimate for 49,813 SF: $191,780

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market tampa (similarity: 100%) with 4 comparable listings.

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