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    1024 Western Dr Indianapolis, IN 46241

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    For Sale
    Contact for pricing

    19,304 SF industrial building with recent renovations near I-465.

    Property size:
    19,304 SF
    Lot size:
    1.40 Acres

    Property Features for 1024 Western Dr

    General Information

    Size
    19,304 SF
    Lot size
    1.40 Acres

    Source: Colliers Agent Korey Ryan

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

    Overview

    Renovated Industrial Building Near Airport

    This industrial building offers approximately 19,304 square feet of space, including about 2,950 square feet of office area. The building features a 16-foot clear height and is situated on approximately 1.40 acres. It includes 2 drive-in doors, each measuring 12 feet by 14 feet, and 1 interior dock door. The property is zoned I-2. Recent interior and exterior renovations have been completed. Located approximately 1.5 miles from I-465, the property provides connectivity to Indianapolis' interstate system. It is adjacent to the Indianapolis International Airport.
    Insight Report Location Intelligence

    Current Use by Public Records

    Creative Industries Inc. Manufacturer

    Suggested Use

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

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

    Similar Places Nearby

    Access - Scanning, Records Storage, and Document Management, Public Storage, Enterprise Holdings H Lot, Eric Storage Units - Cheap Self Storage Near You

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.286417
    Latitude
    39.751164

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    FAQs

    What type of property is this?
    Warehouse - 19,304 SF industrial building with recent renovations near I-465.
    Where is this warehouse located?
    The property is located at 1024 Western Dr Indianapolis, IN.
    What are key features of this property?
    This property features: - Excellent connectivity to Indianapolis’ interstate systems via I-465 (1.5 miles away).; - Recently completed interior and exterior renovations.; - ±19,304 SF Building size.
    (765) 520-6662
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    1024 Western Dr Indianapolis, IN 46241
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    Indianapolis, IN 46241
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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
    1024 Western Dr Indianapolis, IN 46241
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