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Two Office Flex Suites
For Lease
$128,000

221 S Franklin Rd, Indianapolis, IN 46219

Flex-style office suites offered with dedicated office space for Suites 400 and 500.

Space SizeContact for details
Days on Market122

Property Features for 221 S Franklin Rd

General Information

Standard status Active
Property subtype Industrial
Listing Agency: Indianapolis
Listed By: Tony Hupp
Source: Colliers
Added: May 14 Changed: Sep 8 Last Checked: Sep 12 at 3:30AM

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 Indianapolis

Investment Insights

Based on property information with market context.

Available for lease are two office flex suites within 221 S Franklin Rd in Indianapolis, IN 46219. Suite 400 offers 128,000 SF and includes 1,270 SF of office space. Suite 500 also provides 128,000 SF with 1,755 SF of office space.

These suites can be leased individually, providing options for tenants that need substantial flex configuration paired with dedicated offices.

Key Highlights

  • Suite 400 offers 128,000 SF with 1,270 SF office space
  • Suite 500 offers 128,000 SF with 1,755 SF office space

Property Analytics

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Current Use

Hotline Freight Systems Freight Service Horner Toshiba Warehouse Warehouse & Storage GXO Logistics Company HF&W Warehouse & Storage Sherwin-Williams Commercial Paint ... Hardware & Home Improvement

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Electrical Service Garden Center HVAC Service

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

Location Intelligence

Trade Area within ½ mile

351
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46219, IN

36,556
Population
17,028
Households
2.1
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
13.0 sq mi
ZIP Area
2,812
Density / Sq Mi
$57,811
Median Household Income
$38,995
Median Earnings
$991
Median Rent
$177,000
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

$11.84 /SF/Yr
Avg Asking Price
$4.16–$18 /SF/Yr
Price Range
14,040 SF
Avg Space Size

Vacancy Rate% for Office in Indianapolis, IN

17.4% 2019
17.8% 2020
19.1% 2021
19.3% 2022
22.2% 2023
22.8% 2024
21.4% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Flex-style office suites offered with dedicated office space for Suites 400 and 500.
Where is this flex space located?
The property is located at 221 S Franklin Rd Indianapolis, IN.
What is the lease rate?
The lease rate is $128,000.
What are key features of this property?
This property features: Suite 400 offers 128,000 SF with 1,270 SF office space; Suite 500 offers 128,000 SF with 1,755 SF office space
More about this property
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