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    5621 Elmwood Ave Indianapolis, IN 46203

    For Lease
    $11 SF/Yr ($8,250 /Mo)

    10,000 SF industrial building with interstate visibility and access.

    Property size:
    9,000 SF
    Lot size:
    2.68 Acres

    Property Features for 5621 Elmwood Ave

    General Information

    Size
    9,000 SF
    Lot size
    2.68 Acres

    Source: Colliers Agent Jeorge Manley

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Building Near I-465

    This is a 10,000 square foot freestanding building constructed in 1968, situated on approximately 1.75 acres. The building features a 13-foot clear height, dock and drive-in loading capabilities, and ample parking. Zoned I-3, the property offers excellent interstate visibility and immediate access to I-465, providing connectivity to Indianapolis’ highway infrastructure. The location is near numerous amenities, including retail establishments, restaurants, and hotels. The property is suitable for warehouse and industrial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cash Register Systems ... Restaurant Supply Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Public Storage, Beech Grove Storage, Nearby Storage Units, Extra Space Storage, U-Stor Self Storage

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.069371
    Latitude
    39.707028

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    FAQs

    What type of property is this?
    Warehouse - 10,000 SF industrial building with interstate visibility and access.
    Where is this warehouse located?
    The property is located at 5621 Elmwood Ave Indianapolis, IN.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: - Immediate access to I-465; - Excellent interstate visibility; - Dock & drive-in loading available
    (317) 713-2100
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5621 Elmwood Ave Indianapolis, IN 46203
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