Industrial Warehouse with Repair
1401 West Ray Street, Indianapolis, IN 46221
For Lease
Contact for pricing
Fenced grounds, dock access, and dedicated office space support a range of industrial operations.
Space Size11,760 SF
Lot Size4.36 Acres
Days on Market28
Property Features for 1401 West Ray Street
General Information
Standard status
Size
Net Rentable
Lot size
Property subtype
Zoning
Space & Availability
Available Space
Contiguous Space
Space Use
Site & Location
Neighborhood
Highway Access
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Office Build-Out
Dock-High Doors
Drive-In Doors
Three-Phase Power
Amenities
automatic electronic gate
24-hour interior and exterior camera surveillance
Building Details
Year Renovated
Buildings
Building Size
Spaces For Lease
at 1401 West Ray Street
Space 1
Active
Size
11,760 SF
Listing Agency:
Rize Commercial Realty LLC
Listed By:
Karan Cheema · License #IN RB16001799
(317) 657-9985
Source:
Crexi
Added: Oct 13
Changed: Nov 8
Last Checked: Nov 8 at 3:27PM
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 Rize Commercial Realty LLC
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Investment Insights
Based on property information with market context.
This 11,760-square-foot industrial warehouse sits on 4.36 acres and was renovated in 2025. The building includes 22 dock doors, 3,000 square feet of office space, and a two-door drive-through repair shop. The 1,800-square-foot shop has four 12' x 14' overhead doors, 14-foot clear height, overhead heaters, and 120/240-volt, three-phase power. The property is fully fenced, with an automatic electronic gate and 24-hour interior and exterior camera surveillance.
Zoned I-3, the property supports a variety of industrial uses, including outdoor storage. It is just off Exit 78 on I-70 and approximately 3 miles from downtown Indianapolis.
Zoned I-3, the property supports a variety of industrial uses, including outdoor storage. It is just off Exit 78 on I-70 and approximately 3 miles from downtown Indianapolis.
Key Highlights
- 11,760‑square‑foot building renovated in 2025
- 4.36‑acre site with full perimeter fencing and an automatic electronic gate
- 22 dock doors and 3,000 square feet of office space
Property Analytics
Who owns this building?
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Current Use
Lease Details
22
Dock-high doors
2
Drive-in doors
Yes
Fenced yard
Yes
Highway access
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46221, IN
27,991
Population
11,120
Households
2.5
Avg Household Size
35
Median Age
16%
College-Educated
85%
High-School Grad
20.0 sq mi
ZIP Area
1,400
Density / Sq Mi
$58,316
Median Household Income
$40,665
Median Earnings
$1,111
Median Rent
$174,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Indianapolis, IN
$11.33 /SF/Yr
Avg Asking Price
$6–$16.6 /SF/Yr
Price Range
42,904 SF
Avg Space Size
Properties on Market for Warehouses in Indianapolis
Vacancy Rate% for Industrial in Indianapolis, IN
Similar Off Market Nearby
- Omni Materials — 217 S Belmont Ave, Indianapolis, IN 46222
Frequently Asked Questions
What type of property is this?
Warehouse - Fenced grounds, dock access, and dedicated office space support a range of industrial operations.
Where is this warehouse located?
The property is located at 1401 West Ray Street Indianapolis, IN.
What are key features of this property?
This property features: 11,760‑square‑foot building renovated in 2025; 4.36‑acre site with full perimeter fencing and an automatic electronic gate; 22 dock doors and 3,000 square feet of office space
