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    221 S Franklin Rd Indianapolis, IN 46219

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    For Lease
    $4 SF/Yr

    Available industrial space with city utilities and highway access.

    Property size:
    128,000 SF
    Lot size:
    38.17 Acres

    Property Features for 221 S Franklin Rd

    General Information

    Size
    128,000 SF
    Lot size
    38.17 Acres

    Source: Colliers Agent Tony Hupp

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

    Overview

    Industrial Space Near I-465

    Available for lease is a total of 204,800 square feet of industrial space. Suite 100 offers 128,000 square feet, including 4,550 square feet of office space, 14 docks, and one 12’ x 14’ drive-in door. Suite 200 provides 76,800 square feet with build-to-suit office options and five docks. The property features 40’ x 40’ column spacing and a 24’ – 25’ clear height. It is equipped with ESFR fire protection, heavy power, and all city utilities. Zoned I-3, the property is located less than 1 mile from I-465. The estimated operating expenses for 2025 are $1.82 per square foot. The entire space is available for $3.95 per square foot on a NNN basis. Suite 100 can be combined with Suite 200 for a total of 204,800 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotline Freight Systems Freight Forwarding Service Horner Toshiba Warehouse Warehouse GXO Logistics Service HF&W Warehouse Sherwin-Williams Commercial Paint ... Paint Store

    Suggested Use

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

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

    Similar Places Nearby

    Just Add Water Boats, Public Storage, COWs of the Circle City, HOME CENTER WAREHOUSE, Jones Self Storage

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.026174
    Latitude
    39.770958

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    FAQs

    What type of property is this?
    Warehouse - Available industrial space with city utilities and highway access.
    Where is this warehouse located?
    The property is located at 221 S Franklin Rd Indianapolis, IN.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: - Total 204,800 SF Available, including Suite 100 (128,000 SF with 4,550 SF office) and Suite 200 (76,800 SF with BTS office); - Less than 1 mile to I-465, providing excellent transportation access; - 14 docks and 1 drive-in (12’ x 14’) for Suite 100
    (317) 340-7982
    Request Owner's contact information
    221 S Franklin Rd Indianapolis, IN 46219
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    Indianapolis, IN 46219
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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
    221 S Franklin Rd Indianapolis, IN 46219
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