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Freestanding Industrial Building
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1091 Kentucky Ave, Indianapolis, IN 46221

Freestanding industrial building with climate-controlled warehouse, LED lighting, and outdoor storage permitted under heavy industrial zoning.

Space Size8,230 SF
Days on Market202

Property Features for 1091 Kentucky Ave

General Information

Standard status Active
Size 8,230 SF
Property subtype Industrial
Zoning I4 - Outdoor Storage Permitted

Spaces For Lease

at 1091 Kentucky Ave
1091 Kentucky Ave
Size 8,230 SF
Type Warehouse/Distribution
Term Negotiable
Rate Contact for pricing
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Listing Agency: SVN | Northern Commercial
Listed By: Wade Wilson · License #IN #RB20000720
Source: Svn
Added: Apr 3 Changed: Oct 16 Last Checked: Oct 20 at 5:43PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Northern Commercial

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Investment Insights

Based on property information with market context.

This freestanding industrial building offers a fully climate-controlled warehouse with LED lighting, plus finished office space that includes a private bathroom. The property includes heavy 3-phase power and an exterior dock well for loading and unloading. The outdoor storage is permitted under heavy industrial zoning (I4).

Many renovations are underway under new ownership, including roof, siding, LED lighting, HVAC, and fencing. The building provides excellent access to I-70 and I-465 for efficient regional connectivity.

The available configuration is designed to support both industrial warehouse operations and an on-site office component, with loading access provided by the exterior dock well.

Key Highlights

  • +/- 8,000 SF freestanding industrial building in downtown Indianapolis, available for immediate occupancy
  • Fully climate‑controlled warehouse with LED lighting
  • Heavy industrial zoning (I4) permits outdoor storage

Property Analytics

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Current Use

Carl E Most ... Construction Company Van's Electrical Systems Auto Parts Store

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Pharmacy Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

358
Businesses Nearby
Well-served
Demand for This Use

Demographics for 46221, IN

27,991
Population
11,120
Households
2.5
Avg Household Size
35
Median Age
16%
College-Educated
85%
High-School Grad
20.0 sq mi
ZIP Area
1,400
Density / Sq Mi
$58,316
Median Household Income
$40,665
Median Earnings
$1,111
Median Rent
$174,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Indianapolis, IN

$12.33 /SF/Yr
Avg Asking Price
$6–$18 /SF/Yr
Price Range
9,552 SF
Avg Space Size

Vacancy Rate% for Industrial in Indianapolis, IN

4.3% 2019
5.4% 2020
4.1% 2021
5.3% 2022
9.9% 2023
10.5% 2024
7.6% 2025

Similar Off Market Nearby

  • Hoaglin Catering — 950 S White River Pkwy Dr W, Indianapolis, IN 46221
  • Santorini Greek Kitchen Catering — 950 S White River Pkwy Dr W, Indianapolis, IN 46221
  • BLESSED BEYOND MEASURES LLC — 619 Marion Ave, Indianapolis, IN 46221
  • The Crane Bay Event Center — 551 W Merrill St, Indianapolis, IN 46225

Frequently Asked Questions

What type of property is this?
Flex space - Freestanding industrial building with climate-controlled warehouse, LED lighting, and outdoor storage permitted under heavy industrial zoning.
Where is this flex space located?
The property is located at 1091 Kentucky Ave Indianapolis, IN.
What are key features of this property?
This property features: +/- 8,000 SF freestanding industrial building in downtown Indianapolis, available for immediate occupancy; Fully climate‑controlled warehouse with LED lighting; Heavy industrial zoning (I4) permits outdoor storage
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