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Industrial/Flex Space Available For Lease
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1203 Indy Way, Indianapolis, IN 46214

Multi-tenant industrial/flex property with easy highway access.

Space Size1,783 SF
Lot Size1.93 Acres
Days on Market190

Property Features for 1203 Indy Way

General Information

Standard status Active
Size 1,783 SF
Lot size 1.93 Acres
Property subtype FLEX_R_AND_D
Lease Type Industrial Gross

Spaces For Lease

at 1203 Indy Way
1222 Indy Way $8/SF/Yr
Floor 1
Size 1,783 SF
Type FLEX_R_AND_D
Lease Type INDUSTRIAL_GROSS
Availability AVAILABLE, Now
Sublease No
- 1203 Indy Way/Place is a multi-tenant industrial/flex property consisting of +/- 44,164 square feet. Situated on a fully improved 1.93 acres site, the property offers easy access to I-65, I-70 and I-74 via the western portion of the I-465 Indianapolis loop. The property is well maintained and offers the ideal space for a wide variety of users looking for quality industrial/flex space.
Contact us
Listing Agency: Corporate Commercial Group
Listed By: Keith Dedrick · License #RB14029789
Source: Moodyscre
Added: Mar 26 Changed: Sep 5 Last Checked: Oct 1 at 1:12PM

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 Corporate Commercial Group

Investment Insights

Based on property information with market context.

The property at 1203 Indy Way/Place is a multi-tenant industrial/flex property comprising approximately 44,164 square feet. It is situated on a fully improved 1.93-acre site. The location provides convenient access to I-65, I-70, and I-74 via the western portion of the I-465 Indianapolis loop. This well-maintained property is suitable for a variety of users seeking quality industrial/flex space.

Key Highlights

  • Multi‑tenant industrial/flex property with +/- 44,164 square feet.
  • Easy access to I‑65, I‑70, and I‑74 via I‑465.
  • Situated on a fully improved 1.93‑acre site.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Spa & Massage Center Law Firm Skin Care Clinic Bakery Restaurant Cafe & Coffee Shop

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

Lease Details

NNN (Triple Net)
Lease Type
$1.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

363
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46214, IN

26,314
Population
11,228
Households
2.3
Avg Household Size
35
Median Age
27%
College-Educated
91%
High-School Grad
7.5 sq mi
ZIP Area
3,509
Density / Sq Mi
$58,863
Median Household Income
$40,688
Median Earnings
$1,116
Median Rent
$180,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Indianapolis, IN

$12.18 /SF/Yr
Avg Asking Price
$6–$18 /SF/Yr
Price Range
9,982 SF
Avg Space Size

This space is priced 34% below the average of $12.18 /SF/Yr.

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
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Frequently Asked Questions

What type of property is this?
Flex space - Multi-tenant industrial/flex property with easy highway access.
Where is this flex space located?
The property is located at 1203 Indy Way Indianapolis, IN.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: Multi‑tenant industrial/flex property with +/- 44,164 square feet.; Easy access to I‑65, I‑70, and I‑74 via I‑465.; Situated on a fully improved 1.93‑acre site.
(317) 502-3622 Call to check price and availability
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