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    5602 Elmwood Ave Indianapolis, IN 46203

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    For Sale
    Contact for pricing

    Four-building industrial portfolio with value-add potential in Indianapolis.

    Property size:
    133,200 SF
    Lot size:
    9.54 Acres

    Property Features for 5602 Elmwood Ave

    General Information

    Size
    133,200 SF
    Lot size
    9.54 Acres

    Source: Colliers Agent Alex Cantu

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

    Overview

    Indianapolis Industrial Portfolio For Sale

    Park Elmwood is a four-building industrial portfolio totaling 133,200 square feet. Constructed in 1978, the property features block construction and 16-foot clear heights throughout. The property is located off Emerson Avenue, two minutes from the I-465 interchange, providing access to the Indianapolis MSA and connectivity to eight major U.S. interstates. The property includes 91 loading doors (47 drive-in doors and 44 docks). The average suite size is 1,567 square feet. The property is currently 92% leased to 57 tenants, with a weighted average lease term (WALT) of 0.83 years. In-place rents are approximately 59% below current market rates. There is no new competing supply delivered or planned, and the competitive set vacancy is 5.46%. Multi-tenant industrial rents in Indianapolis have grown approximately 51% over the last five years, with a recent historically low vacancy rate of 3.58%.
    Location Intelligence

    Current Use by Public Records

    The Dry Out Guys Water Damage Restoration Service Clear Choice Windows ... Home Improvement Store Park Elmwood Warehouse Harris Products Group Welding Supply Store A3P Logistics Group ... Logistics Service

    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

    Casa Boricua

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.071344
    Latitude
    39.705763

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    FAQs

    What type of property is this?
    Flex space - Four-building industrial portfolio with value-add potential in Indianapolis.
    Where is this flex space located?
    The property is located at 5602 Elmwood Ave Indianapolis, IN.
    What are key features of this property?
    This property features: - Immediate access to I-465 and connectivity to eight major U.S. interstates.; - Significant rental upside with in-place rents 59% below market.; - High density of loading doors (91 total) suitable for smaller industrial users.
    (317) 503-5642
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    5602 Elmwood Ave Indianapolis, IN 46203
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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
    5602 Elmwood Ave Indianapolis, IN 46203
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