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 Market317
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
1213 N Sherman Dr
$6/SF/Yr
Floor
1
Size
29,500 SF
Type
INDUSTRIAL
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- This prime Near Eastside Indianapolis industrial space for lease is back on the market following a recent tenant move-out, offering 29,500 SF of exceptional functionality on an NNN basis. Situated in a strategic near-downtown location just 1.8 miles from I-70 and 5.2 miles from I-465, the property features recent capital improvements including a brand-new gas heating system installed throughout the warehouse and completed roof repairs. The site also includes 0.75 acres of fenced outdoor storage space, providing ample room for fleet operations or material handling. The facility boasts 24 docks, 5 drive-in doors, and 10 to 12 feet clear heights, making it highly efficient for logistics, warehousing, or light manufacturing. I-4 zoning further enhances this operational flexibility. With a competitive lease rate of $6.00 per SF NNN and immediate availability, this turnkey asset delivers unmatched value. Contact Allies Commercial Realty today to schedule a tour or discuss terms.
Contact us
Listing Agency:
Allies Commercial Realty
Listed By:
Adam Stephenson
(317) 908-6479
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Oct 5
Last Checked: Oct 5 at 4:16PM
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
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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
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Business Placement
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Market
Lease Benchmarks for Indianapolis, IN
$11.09 /SF/Yr
Avg Asking Price
$6–$16.6 /SF/Yr
Price Range
42,517 SF
Avg Space Size
This space is priced 46% below the average of $11.09 /SF/Yr.
Vacancy Rate% for Industrial in Indianapolis, IN
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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.
