Freestanding Industrial Building with
1805 W 15th St Indianapolis, IN 46202
1805 W 15th St, Indianapolis, IN, 46202
Contact for pricing
For Sale
Contact for pricing
Freestanding industrial building with 17' clear height, heavy 3-phase 200-amp power, and fenced storage/parking on-site.
Property Size6,320 SF
Lot Size0.50 Acres
Price / SF$110.76
Days on Market160
Property Features for 1805 W 15th St
General Information
- Standard status
- Active
- Size
- 6,320 SF
- Lot size
- 0.50 Acres
- Property subtype
- INDUSTRIAL
Listing agency
SVN | Northern Commercial
(317) 863-9271
Listed by
Wade Wilson · License ##RB20000720
(317) 863-9271
Source
Moodyscre
Added: Feb 13 Updated: Jul 22 at 1:45PM Checked: Jul 22 at 1:45PM
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 SVN | Northern Commercial
Investment Insights
Based on property information with market context.
Freestanding industrial building offering approximately 6,500 square feet on a 0.5-acre site. The main warehouse provides 17' clear height, supported by heavy 3-phase 200-amp power. An on-site fenced storage and parking area adds practical space for equipment, staging, or vehicle storage.
The property is described as having excellent access to downtown Indianapolis and I-465, making it a convenient option for industrial users needing regional connectivity.
As reflected in the listing remarks, the property is positioned as a historic asset with deep Indianapolis racing history, providing character alongside functional warehouse features and power capacity for day-to-day operations.
The property is described as having excellent access to downtown Indianapolis and I-465, making it a convenient option for industrial users needing regional connectivity.
As reflected in the listing remarks, the property is positioned as a historic asset with deep Indianapolis racing history, providing character alongside functional warehouse features and power capacity for day-to-day operations.
Key Highlights
- ±6,500 SF freestanding industrial building on a 0.5‑acre lot
- 17' clear height in the main warehouse
- Heavy 3‑phase 200‑amp power
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.3k | $7.80 |
| − Vacancy | −$4.3k | −$0.68 |
| EGI | $45.0k | $7.12 |
| − OpEx | −$6.8k | −$1.07 |
| NOI | $38.3k | $6.05 |
6,320 SF · lease $7.80/SF/yr · vacancy 8.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$546.5K
$478.2K – $637.6K
NOI $38,256 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.38M – $1.84M
NOI $110,120 @ 7.0% cap · market cap 15.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Race Car Restorations ...
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Downtown indy self storage — 1233 W 18th St, Indianapolis, IN 46202
FAQs
What type of property is this?
Warehouse - Freestanding industrial building with 17' clear height, heavy 3-phase 200-amp power, and fenced storage/parking on-site.
Where is this warehouse located?
The property is located at 1805 W 15th St Indianapolis, IN.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: ±6,500 SF freestanding industrial building on a 0.5‑acre lot; 17' clear height in the main warehouse; Heavy 3‑phase 200‑amp power
