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    1213 N Sherman Dr Indianapolis, IN 46201

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    For Lease
    $5 SF/Yr ($16,666 /Mo)

    49,026 SF industrial building ideal for logistics and manufacturing.

    Property size:
    40,000 SF
    Lot size:
    5.56 Acres

    Property Features for 1213 N Sherman Dr

    General Information

    Size
    40,000 SF
    Lot size
    5.56 Acres

    Source: Allies Commercial Realty Agent Adam Stephenson

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

    Overview

    Renovated Industrial Building Near Downtown

    This 49,026 square foot industrial building, available for lease on a NNN basis, is strategically located near downtown, approximately 1.8 miles from I-70 and 5.2 miles from I-465. The property has been recently renovated and is demisable to approximately 10,000 square feet. It features 24 docks and 5 drive-in doors. The building offers 10 to 12 foot clear heights, making it suitable for logistics, warehousing, or light manufacturing. The I-4 zoning permits outdoor storage, providing added flexibility for fleet operations or material handling. The property is available for immediate occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Indi Food Trading ... Variety Store

    Suggested Use

    Realty agency Restaurant Law Firm 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

    COOLTEC Body Storage

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.101375
    Latitude
    39.784129

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    FAQs

    What type of property is this?
    Warehouse - 49,026 SF industrial building ideal for logistics and manufacturing.
    Where is this warehouse located?
    The property is located at 1213 N Sherman Dr Indianapolis, IN.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: - Strategic near-downtown location, 1.8 miles from I-70 and 5.2 miles from I-465.; - **49,026 SF industrial building demisable to ±10,000 SF.**; - Features 24 docks and 5 drive-in doors.
    (317) 908-6479
    Request Owner's contact information
    1213 N Sherman Dr Indianapolis, IN 46201
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    Indianapolis, IN 46201
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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
    1213 N Sherman Dr Indianapolis, IN 46201
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