Renovated Industrial Building Near
For Lease
Contact for pricing
1213 N Sherman Dr, Indianapolis, IN
49,026 SF industrial building ideal for logistics and manufacturing.
Space Size29,500 SF
Lot Size5.56 Acres
Days on Market270
Property Features for 1213 N Sherman Dr
General Information
Standard status
Active
Size
29,500 SF
Lot size
5.56 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Spaces For Lease
at 1213 N Sherman Dr Contact us- Floor
- 1
- Size
- 29,500 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
1213 N Sherman Dr $6/SF/Yr
- This prime Near Eastside Indianapolis industrial space for lease is back on the...
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Listing Agency:
Allies Commercial Realty
(317) 908-6479
Listed By:
Adam Stephenson
(317) 908-6479
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 9
Last Checked: Aug 20 at 12:38PM
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 Allies Commercial Realty
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Lease Benchmarks for Indianapolis, IN
$10.22 /SF/Yr
Avg Asking Price
$7–$15 /SF/Yr
Price Range
41,982 SF
Avg Space Size
This space is priced 41% below the average of $10.22 /SF/Yr.
Vacancy Rate% for Industrial in Indianapolis, IN
Questions? Ask Rey
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Similar Off Market Nearby
- COOLTEC Body Storage — 1775 N Sherman Dr # C, Indianapolis, IN 46218
Frequently Asked Questions
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 $6 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.
