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Renovated Industrial Building Near Airport
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1024 Western Dr, Indianapolis, IN

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

Property Size19,304 SF
Lot Size1.40 Acres
Days on Market603

Property Features for 1024 Western Dr

General Information

Standard status Active
Size 19,304 SF
Lot size 1.40 Acres
Property subtype INDUSTRIAL
Listing Agency: Colliers
Listed By: Korey Ryan
Source: Moodyscre
Added: Dec 6, 2024 Changed: Jul 6 Last Checked: Jul 21 at 6:27AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers

Investment Insights

Based on property information with market context.

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.

Key Highlights

  • Excellent connectivity to Indianapolis’ interstate systems via I‑465 (1.5 miles away).
  • Recently completed interior and exterior renovations.
  • ±19,304 SF Building size.

Property Analytics

Current Use

Creative Industries Inc. Industrial Manufacturer

Suggested Use

Top Pick Real Estate Agency Law Firm Pharmacy Garden Center Gym & Fitness Center Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

261
Businesses Nearby
Well-served
Demand for This Use

Market

Vacancy Rate% for Industrial in Indianapolis, IN

4.3% 2019
5.4% 2020
4.1% 2021
5.3% 2022
9.9% 2023
10.5% 2024
7.6% 2025
Rey
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Frequently Asked Questions

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 Call to check price and availability
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