Industrial Property for Sale in Indianapolis, IN

  • Price: $1M
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Indianapolis, IN 46227
  • Size: 8,210 SF

Description

Now available for investment or owner occupancy, this 10,000 +/- SF warehouse property offers exceptional functionality and flexibility. The site includes two connected, climate-controlled buildings equipped with 3-phase 400 amp power, LED lighting throughout, two new 50-gallon tankless water heaters, and one new 5-ton A/C unit. Building 1 features a spacious 52’x49’ open area, five offices, two restrooms, removable equipment lockers, mezzanine storage, and a 10’ automatic overhead door. Building 2 offers a 57’x55’ open space with a 14’ automatic garage door, removable racking system, and additional mezzanine area. The property also includes an outdoor storage shed and is fully fenced with a secure gated entrance. C-7 zoning allows for Animal Care and Boarding, Auctioneering, Auto Sales and Service, Indoor Recreation, Heavy Equipment Sales and Service, and a variety of other businesses. Building SF: 8210 | Land Size: 0.66 Ac | Listing Type: FOR SALE

Market Context

This industrial in Indianapolis, IN is listed for sale at $1,000,000 across 8,210 SF ($122/SF). It has been on the market for 26 days. Compare it against other industrial listings for sale in Indianapolis, IN — <a href="/search/sale/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

$273.19/SF – $369.61/SF

Mid: $321.40/SF

Total estimate for 8,210 SF: $2,638,694

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 3 comparable listings.

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