Manufacturing Facility with Drive-In
For Sale
Contact for pricing
3821 Industrial Blvd, Indianapolis, IN 46254
I-1-zoned facility offers heavy power, floor drains, and secured outdoor storage.
Property Size32,300 SF
Lot Size1.96 Acres
Price / SF$82.04
Days on Market679
Property Features for 3821 Industrial Blvd
General Information
Standard status
Active
Size
32,300 SF
Class
C
Lot size
1.96 Acres
Property subtype
Industrial
Zoning
I-1
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Drive-In Doors
3
Heavy Power
Yes
Additional Details
Asking Price
$2,650,000
Building Details
Year Built
1973
Buildings
1
Stories
1
Listing Agency:
Williams Midwest
Listed By:
Kelly Williams · License #IN RB14042379
(317) 496-2536
Source:
Crexi
Added: Dec 6, 2024
Changed: Oct 7
Last Checked: Oct 16 at 7:16AM
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 Williams Midwest
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Investment Insights
Based on property information with market context.
This 32,300-square-foot manufacturing facility occupies 1.96 acres and was built in 1973. The property includes three drive-in doors, heavy power, floor drains, fenced and lighted parking, and secured outdoor storage. The building’s flexible layout supports manufacturing, logistics, showroom, and podcast studio configurations as described in the property information.
Located at 3821 Industrial Blvd in Indianapolis, the facility provides access to W 38th Street, Guion Road, and I-65. Nearby daytime employment totals 3,235 within 1 mile, 27,470 within 3 miles, and 149,323 within 5 miles. The site is zoned I-1 and combines substantial interior space with loading access and outdoor operational capacity.
Located at 3821 Industrial Blvd in Indianapolis, the facility provides access to W 38th Street, Guion Road, and I-65. Nearby daytime employment totals 3,235 within 1 mile, 27,470 within 3 miles, and 149,323 within 5 miles. The site is zoned I-1 and combines substantial interior space with loading access and outdoor operational capacity.
Key Highlights
- 32,300 SF manufacturing facility on 1.96 acres
- Three drive‑in doors: (2) 35’w x 14’h and (1) 12’w x 14’h
- Heavy power and floor drains support industrial operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$161,015
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,220,300
$3.2M
Cap Rate 7%
$2,300,214
$2.3M
Cap Rate 9%
$1,789,056
$1.8M
Market Conditions
NOI Build-Up for 32,300 SF
Gross rent
$251.9K $7.80/SF
− Vacancy
−$21.9K −$0.68/SF
EGI
$230.0K $7.12/SF
− OpEx
−$69.0K −$2.14/SF
NOI
$161.0K $4.98/SF
Area
ZIP 46254
Vacancy
8.70%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,220,300
Cap Rate 7%
$2,300,214
Cap Rate 9%
$1,789,056
Alternative Uses
Best Use
Flex RnD
$5.70M
$4.99M – $6.65M
NOI $399,010 @ 7.0% cap · market cap 15.06%
Second Best
Industrial
$2.30M
$2.01M – $2.68M
NOI $161,015 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$8.88M
$7.77M – $10.36M
NOI $621,431 @ 7.0% cap · market cap 23.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
Explore this area
Business Placement
Demographics for 46254, IN
40,162
Population
17,955
Households
2.2
Avg Household Size
33
Median Age
32%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,187
Density / Sq Mi
$57,825
Median Household Income
$36,883
Median Earnings
$1,021
Median Rent
$175,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Manufacturing property - I-1-zoned facility offers heavy power, floor drains, and secured outdoor storage.
Where is this manufacturing property located?
The property is located at 3821 Industrial Blvd Indianapolis, IN.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 32,300 SF manufacturing facility on 1.96 acres; Three drive‑in doors: (2) 35’w x 14’h and (1) 12’w x 14’h; Heavy power and floor drains support industrial operations
